STEPHANIE BUFFINGTON - 10 Feb 2024 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Chief Accounting Officer
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Issuer symbol
TPL
Transactions as of
10 Feb 2024
Net transactions value
-$85,034
Form type
4
Filing time
13 Feb 2024, 16:03:19 UTC
Previous filing
02 Jan 2024
Next filing
15 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +56 +38% 205 10 Feb 2024 Direct F1
transaction TPL Common Stock Tax liability $39,585 -27 -13% $1466.11 178 10 Feb 2024 Direct F2
transaction TPL Common Stock Options Exercise +64 +36% 242 11 Feb 2024 Direct F1
transaction TPL Common Stock Tax liability $45,449 -31 -13% $1466.11 211 11 Feb 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPL Restricted Stock Units Options Exercise $0 -64 -49% $0.000000 66 11 Feb 2024 Common Stock 64 Direct F3
transaction TPL Restricted Stock Units Options Exercise $0 -56 -33% $0.000000 113 10 Feb 2024 Common Stock 56 Direct F5
holding TPL Restricted Stock Units 186 10 Feb 2024 Common Stock 186 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F3 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 64 vest on February 11, 2024 and 66 vest on February 11, 2025.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 93 vest on September 1 of each of 2024 and 2025.
F5 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 56 vest on February 10 of each of 2024 and 2025 and 57 vest on February 10, 2026.