Texas Pacific Land (TPL) CEO details RSU, PSU vesting and tax share surrenders

Rhea-AI Filing Summary

Texas Pacific Land Corp President & CEO Tyler Glover reported several equity-compensation transactions dated February 10, 2026. He exercised 2,664 restricted stock units (RSUs) into common stock and received 13,327 common shares from performance share units (PSUs) granted in February 2023 that vested based on relative total shareholder return and free cash flow per share performance.

To cover tax withholding obligations, 1,137 shares and 5,643 shares of common stock were surrendered at $401.62 per share. After these transactions, he directly owned 41,038 common shares, plus 7,614 RSUs and 4,878 RSUs outstanding with scheduled vesting in 2026, 2027 and 2028. All share figures reflect a 3-for-1 stock split effected on December 22, 2025.

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

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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^*

GLOVER TYLER

(Last) (First) (Middle)

C/O TEXAS PACIFIC LAND CORPORATION

2699 HOWELL STREET, SUITE 800

(Street)

DALLAS TX 75204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Texas Pacific Land Corp [ TPL ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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

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

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

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
Common Stock	02/10/2026		M		2,664	A	(1)	34,491	D
Common Stock	02/10/2026		F		1,137(2)	D	$401.62	33,354	D
Common Stock	02/10/2026		A		13,327(3)	A	$0(4)	46,681	D
Common Stock	02/10/2026		F		5,643(2)	D	$401.62	41,038	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
Restricted Stock Units	(5)	02/10/2026		M			2,664	(5)	(5)	Common Stock	2,664	$0	0	D
Restricted Stock Units	(6)							(6)	(6)	Common Stock	7,614		7,614	D
Restricted Stock Units	(7)							(7)	(7)	Common Stock	4,878		4,878	D

Explanation of Responses:

1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.

2. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.

3. On February 10, 2023, the Reporting Person was granted performance share units ("PSUs"), the vesting of which was subject to the achievement of certain relative total shareholder return ("RTSR") and free cash flow per share ("FCF") 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 171% of target for the RTSR PSUs and 164% of target for the FCF PSUs.

4. PSUs convert into common stock on a one-for-one basis.

5. Each RSU has a value equal to one share of common stock. All of the RSUs reported vested on February 10, 2026.

6. Each RSU has a value equal to one share of common stock. Of such RSUs, 3,807 vest on February 13 of each of 2026 and 2027.

7. Each RSU has a value equal to one share of common stock. Of such RSUs, 1,626 vest on February 15 of each of 2026, 2027 and 2028.

Remarks:

All share amounts reflect the 3-for-1 stock split effected on December 22, 2025.

	/s/ Micheal W. Dobbs, attorney-in-fact	02/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did TPL President & CEO Tyler Glover report on February 10, 2026?

On February 10, 2026, Tyler Glover reported equity-compensation activity including RSU exercises, PSU vesting into common stock, and share surrenders for tax withholding. These transactions adjusted his direct ownership and did not represent open-market purchases or discretionary sales.

How many Texas Pacific Land (TPL) shares did Tyler Glover acquire from RSU and PSU vesting?

Tyler Glover acquired 2,664 Texas Pacific Land shares from RSU conversion and 13,327 shares from PSU vesting. The PSUs were granted in February 2023 and vested based on relative total shareholder return and free cash flow per share performance criteria above target levels.

How many Texas Pacific Land (TPL) shares were surrendered for tax withholding in this Form 4?

The Form 4 shows 1,137 shares and 5,643 shares of Texas Pacific Land common stock were surrendered. These surrenders were made to satisfy tax withholding obligations associated with the vesting and settlement of the reported equity awards, rather than discretionary market sales.

What is Tyler Glover’s reported Texas Pacific Land (TPL) share ownership after these transactions?

After the reported transactions, Tyler Glover directly owned 41,038 Texas Pacific Land common shares. He also held 7,614 restricted stock units and 4,878 restricted stock units, which are scheduled to vest on specified dates in 2026, 2027 and 2028, subject to service conditions.

How were the 2023 Texas Pacific Land (TPL) performance share units determined for Tyler Glover?

The 2023 performance share units vested based on relative total shareholder return and free cash flow per share. The vested amount reflected achievement at 171% of target for the RTSR PSUs and 164% of target for the FCF PSUs, resulting in 13,327 common shares delivered.

What future vesting schedule is disclosed for Tyler Glover’s remaining Texas Pacific Land RSUs?

Of the remaining RSUs, 3,807 are scheduled to vest on February 13 of each of 2026 and 2027. Another 1,626 RSUs are scheduled to vest on February 15 of each of 2026, 2027 and 2028, assuming continued service and satisfaction of applicable conditions.