Form 4 for TPL Texas Pacific Land Corporation
Accepted 2025-02-12 00:00:00 ET · period of report 2025-02-10 · accession 0001811074-25-000022 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-02-12 | 2025-02-10+ | TPL | STEDDUM CHRIS | CFO | F - Tax | $1,365.94 | -1,833 | 2,182 | -46% | -$2.50M |
| DM | 2025-02-12 | 2025-02-10+ | TPL | STEDDUM CHRIS | CFO | M - OptEx | — | +939 | 2,095 | +81% | — |
| D | 2025-02-12 | 2025-02-11 | TPL | STEDDUM CHRIS | CFO | A - Grant | $0.00 | +3,096 | 5,278 | +142% | $0 |
| DM | 2025-02-12 | 2025-02-10+ | TPL | STEDDUM CHRIS | CFO | M - OptEx | $0.00 | -939 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-10 | F | D | 195 | $1,381.19 | 1,900 | D | — | — | (F2) Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person. |
| 2 | Common | Common Stock | 2025-02-11 | M | A | 516 | — | 2,416 | D | — | — | (F1) Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2025-02-11 | A | A | 3,096 | $0.00 | 5,278 | D | — | — | (F3) On February 11, 2022, the Reporting Person was granted performance share units ("PSUs"), the vesting of which was subject to the achievement of certain relative total shareholder return and free cash flow per share performance criteria. The number of shares reported represents the number of PSUs that vested as a result of the achievement of such performance criteria at 200% of target. (F4) PSUs convert into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2025-02-11 | F | D | 1,404 | $1,364.12 | 3,874 | D | — | — | (F2) Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person. |
| 5 | Common | Common Stock | 2025-02-10 | M | A | 423 | — | 2,095 | D | — | — | (F1) Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. |
| 6 | Common | Common Stock | 2025-02-11 | F | D | 234 | $1,364.12 | 2,182 | D | — | — | (F2) Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person. |
| 7 | Derivative | Restricted Stock Units | 2025-02-10 | M | D | 423 | $0.00 | 423 | D | — · — to — | 423 Common Stock | (F5) Each RSU has a value equal to one share of common stock. Of such RSUs, 423 vested on February 10, 2025 and 423 vest on February 10, 2026. |
| 8 | Derivative | Restricted Stock Units | 2025-02-11 | M | D | 516 | $0.00 | 0 | D | — · — to — | 516 Common Stock | (F6) Each RSU has a value equal to one share of common stock. All of the RSUs reported vested on February 11, 2025. |