LandBridge insider has shares withheld for RSU taxes

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.

Rhea-AI Filing Summary

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.

Insights

Equity compensation analyst

Routine RSU-related tax withholding with substantial shares still held.

The transaction reflects 9,152 Class A shares withheld by LandBridge Co LLC to satisfy tax obligations on vested restricted share units. Code F events like this are standard mechanics of equity compensation rather than discretionary trading decisions.

The filing shows a reference price of $72.30 per share for the withheld stock. Following this withholding, the reporting person directly holds 57,722 Class A shares, indicating a meaningful continuing position linked to long-term incentive awards.

Because the disposition is solely for tax withholding and not an open-market sale, it generally carries limited signaling value about the insider’s view of LB. Future compensation-related vesting events and associated withholdings, as disclosed in later filings, will further outline the evolution of this equity stake.

Insider Trade Summary

Exercise Price or Tax Liability: 9,152 shares

Exercise Price or Tax Liability 1 txn

Insider Bolling Harrison Fenner

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A shares	9,152	$72.30	$662K

Holdings After Transaction: Class A shares — 57,722 shares (Direct)

Footnotes (1)

1. F1. In connection with the vesting and settlement of restricted share units ("RSUs") through the issuance of Class A shares of LandBridge Company LLC (the "Issuer") pursuant to the LandBridge Company LLC Long-Term Incentive Plan, the Issuer withheld Class A shares that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations.

Key Figures

Shares withheld for taxes: 9,152 shares Reference price per share: $72.30 per share Shares held after transaction: 57,722 shares +2 more

5 metrics

Shares withheld for taxes 9,152 shares Tax-withholding disposition on RSU vesting

Reference price per share $72.30 per share Value used for withheld Class A shares

Shares held after transaction 57,722 shares Direct Class A holdings following withholding

Transaction code Code F Payment of tax liability by delivering securities

Tax-withholding shares count 9,152 shares transactionSummary taxWithholdingShares

Key Terms

restricted share units ("RSUs"), tax withholding obligations, Long-Term Incentive Plan, tax-withholding disposition, +1 more

5 terms

restricted share units ("RSUs") financial

"In connection with the vesting and settlement of restricted share units ("RSUs") through the issuance of Class A shares..."

tax withholding obligations financial

"...shares that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations."

Long-Term Incentive Plan financial

"...pursuant to the LandBridge Company LLC Long-Term Incentive Plan, the Issuer withheld Class A shares..."

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Class A shares financial

"the Issuer withheld Class A shares that would otherwise have been issued..."

Class A shares are one of a company’s distinct types of stock that come with a specific set of rights—commonly different voting power, dividend treatment, or transfer rules—defined in the company’s charter. Investors care because those rights affect control, income and resale value; like holding a seat at a table that has different rules or stronger chips than other seats, owning Class A changes how much influence and return you can expect.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did LandBridge Co LLC (LB) report for Harrison Fenner?

LandBridge reported that Harrison Fenner had 9,152 Class A shares withheld to cover tax obligations from vested RSUs. This is a tax-withholding disposition under code F, not an open-market purchase or sale, and is common in stock-based compensation programs.

Was the LandBridge (LB) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. LandBridge withheld 9,152 Class A shares that would otherwise be issued, solely to satisfy Fenner’s tax obligations on vested restricted share units under a long-term incentive plan.

How many LandBridge (LB) shares did Harrison Fenner retain after the tax withholding?

After the tax-withholding transaction, Harrison Fenner directly holds 57,722 Class A shares of LandBridge Co LLC. This amount reflects his remaining equity position following the withholding of 9,152 shares to cover taxes on restricted share unit vesting.

What price per share was used in Harrison Fenner’s LandBridge (LB) Form 4 transaction?

The Form 4 reports a reference price of $72.30 per Class A share for the 9,152 shares withheld. This price is used to value the tax-withholding disposition associated with the vesting and settlement of restricted share units granted under LandBridge’s long-term incentive plan.

What is the reason for the share withholding reported for LandBridge (LB) insider Harrison Fenner?

The company withheld shares to satisfy Fenner’s tax withholding obligations arising from the vesting and settlement of restricted share units. Instead of receiving all vested Class A shares, 9,152 were retained by LandBridge to cover taxes, a standard practice in equity compensation programs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 04:22 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bolling Harrison Fenner

(Last) (First) (Middle)

5555 SAN FELIPE STREET, SUITE 1200

(Street)

HOUSTON TEXAS 77056

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LandBridge Co LLC [ LB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A shares	07/01/2026		F		9,152(1)	D	$72.3	57,722	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In connection with the vesting and settlement of restricted share units ("RSUs") through the issuance of Class A shares of LandBridge Company LLC (the "Issuer") pursuant to the LandBridge Company LLC Long-Term Incentive Plan, the Issuer withheld Class A shares that would otherwise have been issued to the Reporting Person to satisfy their tax withholding obligations.

Remarks:

Executive Vice President and General Counsel

	/s/ Scott L. McNeely, Attorney-In-Fact	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)