Stephanie Buffington - Sep 1, 2024 Form 4 Insider Report for Texas Pacific Land Corp (TPL)

Role
Chief Accounting Officer
Signature
/s/ Micheal W. Dobbs, attorney-in-fact
Stock symbol
TPL
Transactions as of
Sep 1, 2024
Transactions value $
-$102,529
Form type
4
Date filed
9/3/2024, 04:00 PM
Previous filing
Feb 15, 2024
Next filing
Nov 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Options Exercise +279 +44.08% 912 Sep 1, 2024 Direct F1
transaction TPL Common Stock Tax liability -$103K -118 -12.94% $868.89 794 Sep 1, 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 -279 -50% $0.00 279 Sep 1, 2024 Common Stock 279 Direct F4
holding TPL Restricted Stock Units 198 Sep 1, 2024 Common Stock 198 Direct F3
holding TPL Restricted Stock Units 339 Sep 1, 2024 Common Stock 339 Direct F5
holding TPL Restricted Stock Units 861 Sep 1, 2024 Common Stock 861 Direct F6
* 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, 198 vest on February 11, 2025.
F4 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 279 vest on September 1, 2025.
F5 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 168 vest on February 10, 2025 and 171 vest on February 10, 2026.
F6 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 285 vest on February 13, 2025 and 288 vest on February 13 of each of 2026 and 2027.

Remarks:

All share and price amounts reflect the 3-for-1 stock split effected on March 26, 2024.