Stephanie Buffington - 12 Nov 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
12 Nov 2024
Net transactions value
-$291,550
Form type
4
Filing time
13 Nov 2024, 19:33:54 UTC
Previous filing
03 Sep 2024
Next filing
12 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPL Common Stock Sale $262,358 -189 -24% $1388.14 605 12 Nov 2024 Direct F1
transaction TPL Common Stock Sale $29,192 -21 -3.5% $1390.08 584 12 Nov 2024 Direct

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
holding TPL Restricted Stock Units 198 12 Nov 2024 Common Stock 198 Direct F2
holding TPL Restricted Stock Units 279 12 Nov 2024 Common Stock 279 Direct F3
holding TPL Restricted Stock Units 339 12 Nov 2024 Common Stock 339 Direct F4
holding TPL Restricted Stock Units 861 12 Nov 2024 Common Stock 861 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1,388.00 to $1,388.50, inclusive. The reporting person undertakes to provide to Texas Pacific Land Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
F2 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 198 vest on February 11, 2025.
F3 Each restricted stock unit has a value equal to one share of common stock. Of such RSUs, 279 vest on September 1, 2025.
F4 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.
F5 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.