Stephanie Buffington - 10 Feb 2025 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 2025
Net transactions value
-$218,192
Form type
4
Filing time
12 Feb 2025, 18:00:14 UTC
Previous filing
13 Nov 2024
Next filing
18 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 Options Exercise +168 +29% 752 10 Feb 2025 Direct F1
transaction TPL Common Stock Tax liability $104,970 -76 -10% $1381.19 676 10 Feb 2025 Direct F2
transaction TPL Common Stock Options Exercise +198 +29% 874 11 Feb 2025 Direct F1
transaction TPL Common Stock Tax liability $113,222 -83 -9.5% $1364.12 791 11 Feb 2025 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 -168 -50% $0.000000 171 10 Feb 2025 Common Stock 168 Direct F3
transaction TPL Restricted Stock Units Options Exercise $0 -198 -100% $0.000000 0 11 Feb 2025 Common Stock 198 Direct F4
holding TPL Restricted Stock Units 279 10 Feb 2025 Common Stock 279 Direct F5
holding TPL Restricted Stock Units 861 10 Feb 2025 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 ("RSUs") 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 RSU has a value equal to one share of common stock. Of such RSUs, 168 vested on February 10, 2025 and 171 vest on February 10, 2026.
F4 Each RSU has a value equal to one share of common stock. Of such RSUs, 198 vested on February 11, 2025.
F5 Each RSU has a value equal to one share of common stock. Of such RSUs, 279 vest on September 1, 2025.
F6 Each RSU 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.