LandBridge Co LLC SEC Filings

LandBridge Co LLC executive Jason Frederick Williams reported a routine tax-related share disposition tied to equity compensation. In connection with the vesting and settlement of restricted share units under LandBridge’s Long-Term Incentive Plan, the company withheld 9,758 Class A shares that otherwise would have been issued to him to cover tax withholding obligations. This was recorded as a Form 4 code F transaction, which is a payment of tax liability by delivering securities rather than an open-market sale. After this withholding event, Williams directly holds 54,875 Class A shares.

LandBridge Co LLC executive McNeely Scott Lloyd had shares withheld to cover taxes on equity compensation. In connection with the vesting and settlement of restricted share units under the LandBridge Company LLC Long-Term Incentive Plan, the company withheld 12,188 Class A shares that otherwise would have been issued, at a value of $72.30 per share. After this tax-withholding disposition, Lloyd directly holds 69,088 Class A shares. This was not an open-market sale, but a routine mechanism to satisfy tax withholding obligations tied to RSU vesting.

LandBridge Co LLC insider Harrison Fenner had 9,152 Class A shares withheld by the company to cover tax obligations tied to restricted share units vesting. This was recorded at a value of $72.30 per share and reflects a tax-withholding disposition, not an open-market sale. After the transaction, Fenner continues to hold 57,722 Class A shares directly, showing a substantial remaining equity position from company compensation programs.

LandBridge Company LLC reported the results of its 2026 annual shareholder meeting. Shareholders elected 11 director nominees, each to serve until the 2027 annual meeting or until a successor is chosen. As of the record date, there were 27,839,229 Class A shares and 49,177,775 Class B shares outstanding, and 71,790,216 common shares were represented at the meeting, equal to about 93.21% of voting power, establishing a quorum.

Shareholders ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 71,763,315 votes for, 22,498 against, and 4,403 abstentions. They approved, on a non-binding basis, compensation for the named executive officers, with 58,745,820 votes for, 8,270,488 against, 43,877 abstentions, and 4,730,031 broker non-votes. Shareholders also supported holding future advisory votes on executive pay every year, and the board adopted an annual frequency consistent with this vote.

LandBridge Co LLC ownership update: Morgan Stanley and Morgan Stanley Investment Management Inc. filed Amendment No. 4 to Schedule 13G/A reporting beneficial ownership of 4.1% of Class A Shares (CUSIP 514952100). The filing lists shared voting power of 1,037,826 and shared dispositive power of 1,141,052 for Morgan Stanley, and shared voting power of 1,028,168 and shared dispositive power of 1,130,253 for Morgan Stanley Investment Management Inc.

The filers state they have "ceased to be the beneficial owner of more than five percent" of the class as of the date of the filing. Signatures are dated 05/12/2026. The filing is a joint disclosure by MS reporting units and includes Exhibit 99.1 (Joint Filing Agreement) and Exhibit 99.2 (Item 7 information).

LandBridge Company LLC reported solid first-quarter 2026 growth driven by higher surface and royalty revenue on its Permian Basin acreage. Revenue reached $51.0 million, up 16% year over year, as easements and other surface-related revenues and surface use royalties both increased sharply.

Net income rose 16% to $17.9 million, with basic EPS of $0.31 per Class A share and an Adjusted EBITDA of $44.9 million, reflecting an 88% margin. Operating cash flow jumped to $41.1 million, supporting $40.9 million of Free Cash Flow and funding dividends of $0.12 per share plus distributions to OpCo unitholders.

LandBridge ended the quarter with $29.7 million in cash, total debt of $545.5 million and liquidity of about $259.7 million, including undrawn revolver capacity. The company acquired additional surface acreage in Reeves County and the board authorized a $50 million Class A share repurchase program running through December 2027.

LandBridge Company LLC reported strong first quarter 2026 results and raised its full-year outlook. Revenue was $51.0 million, up 16% year-over-year, with net income of $17.9 million also rising 16% and net income margin at 35%.

Adjusted EBITDA reached $44.9 million, up 16% year-over-year, with an 88% margin. Operating cash flow was $41.1 million and Free Cash Flow was $40.9 million, both up 158% year-over-year, supporting a quarterly dividend of $0.12 per share and debt reduction to $545 million.

The company increased 2026 Adjusted EBITDA guidance to a range of $210 million to $230 million, implying about 24% projected growth at the midpoint. LandBridge also added approximately 5,700 acres via bolt-on acquisitions and entered a lease development agreement for the planned Alpha Digital Campus data center project.

LandBridge Company LLC is holding its 2026 Annual Meeting on June 18, 2026 at 3:00 p.m. Central Time in a hybrid in-person and virtual format. Shareholders of record as of April 23, 2026 can vote online, by phone, by mail, or during the meeting.

Investors will vote on four items: electing 11 directors, ratifying Deloitte & Touche LLP as independent auditor for 2026, an advisory “say‑on‑pay” vote on 2025 executive compensation, and an advisory vote on how often future say‑on‑pay votes should occur, with the Board recommending one year.

The proxy also describes LandBridge’s status as a NYSE “controlled company,” current governance structure with an all‑independent Audit Committee, use of a shared services agreement for executive management, and a pay‑versus‑performance table tying reported compensation to total shareholder return and net income.