Stephanie Buffington - 01 Sep 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
01 Sep 2024
Net transactions value
-$102,529
Form type
4
Filing time
03 Sep 2024, 16:00:14 UTC
Previous filing
15 Feb 2024
Next filing
13 Nov 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 +279 +44% 912 01 Sep 2024 Direct F1
transaction TPL Common Stock Tax liability $102,529 -118 -13% $868.89 794 01 Sep 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% $0.000000 279 01 Sep 2024 Common Stock 279 Direct F4
holding TPL Restricted Stock Units 198 01 Sep 2024 Common Stock 198 Direct F3
holding TPL Restricted Stock Units 339 01 Sep 2024 Common Stock 339 Direct F5
holding TPL Restricted Stock Units 861 01 Sep 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.