Texas Pacific Land GC exercises RSUs, withholds shares

Texas Pacific Land Corp executive Micheal W. Dobbs, Senior VP, Secretary and General Counsel, reported several equity-related transactions tied to restricted stock units (RSUs) and tax withholding.

Rhea-AI Filing Summary

Texas Pacific Land Corp executive Micheal W. Dobbs, Senior VP, Secretary and General Counsel, reported several equity-related transactions tied to restricted stock units (RSUs) and tax withholding.

On February 13, 2026, 1,206 RSUs converted into the same number of common shares, and 534 common shares were withheld at $432.31 per share to cover tax obligations. On February 15, 2026, 456 RSUs converted into 456 common shares, 456 additional RSUs vested, and 1,631 new RSUs were granted.

After these transactions, Dobbs directly owned 7,845 shares of common stock and held RSU awards including 912 units and 1,631 units, each RSU having a value equal to one share of common stock, with additional RSUs scheduled to vest between 2027 and 2029.

Insider Trade Summary

1,662 shares exercised/converted

Exercise 7 txns

Insider Dobbs Micheal W.

Role Senior VP, Secretary and GC

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	456	$0.00	$0.00
Grant/Award	Restricted Stock Units	1,631	$0.00	$0.00
Exercise	Common Stock	456	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	202	$432.31	$87K
Exercise	Restricted Stock Units	1,206	$0.00	$0.00
Exercise	Common Stock	1,206	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	534	$432.31	$231K

Holdings After Transaction: Restricted Stock Units — 3,749 contracts (Direct); Common Stock — 7,845 shares (Direct)

Footnotes (5)

1. F1. Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
2. F2. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
3. F3. Each RSU has a value equal to one share of common stock. Of such RSUs, 1,206 vested on February 13, 2026 and 1,206 vest on February 13, 2027.
4. F4. Each RSU has a value equal to one share of common stock. Of such RSUs, 456 vested on February 15, 2026 and 456 vest on February 15 of each of 2027 and 2028.
5. F5. Each RSU has a value equal to one share of common stock. Of such RSUs, 543 vest on February 15, 2027 and 544 vest on February 15 of each of 2028 and 2029.

FAQ

What insider transactions did TPL executive Micheal W. Dobbs report?

Micheal W. Dobbs reported RSU conversions into common stock, a new RSU grant, and share withholdings for taxes. RSUs converted one-for-one into common shares, and some common stock was surrendered back to Texas Pacific Land Corp to satisfy tax withholding obligations.

How many Texas Pacific Land (TPL) RSUs vested and converted in this Form 4?

On February 13, 2026, 1,206 restricted stock units vested and converted into 1,206 common shares. On February 15, 2026, 456 RSUs vested and converted into 456 common shares, reflecting equity compensation becoming actual share ownership for Micheal W. Dobbs.

Did Micheal W. Dobbs sell Texas Pacific Land (TPL) shares on the open market?

No open-market sales were reported. Shares labeled with transaction code F, totaling 534 and 202 common shares, were surrendered to Texas Pacific Land Corp at $432.31 per share solely to satisfy tax withholding obligations on RSU vesting and exercises.

What new RSU awards did Micheal W. Dobbs receive from Texas Pacific Land (TPL)?

Dobbs received a new award of 1,631 restricted stock units on February 15, 2026. Each RSU has a value equal to one share of common stock, with 543 vesting on February 15, 2027 and 544 vesting on February 15 of 2028 and 2029.

How many Texas Pacific Land (TPL) common shares does Dobbs own after these transactions?

Following the reported transactions, Micheal W. Dobbs directly owned 7,845 shares of Texas Pacific Land common stock. This figure reflects RSU conversions into common shares and the surrender of some shares back to the issuer for tax withholding purposes.

What future vesting schedule is disclosed for TPL RSUs held by Micheal W. Dobbs?

The filing notes RSUs vesting over several years. For one grant, 1,206 RSUs vest on February 13, 2027. For others, 456 RSUs vest on February 15 of 2027 and 2028, and 543, 544, and 544 RSUs vest on February 15 of 2027, 2028, and 2029 respectively.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 02/18/2026 - 04:43 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^*

Dobbs Micheal W.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, Secretary and GC

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		M		1,206	A	(1)	8,125	D
Common Stock	02/13/2026		F		534(2)	D	$432.31	7,591	D
Common Stock	02/15/2026		M		456	A	(1)	8,047	D
Common Stock	02/15/2026		F		202(2)	D	$432.31	7,845	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	(3)	02/13/2026		M			1,206	(3)	(3)	Common Stock	1,206	$0	1,206	D
Restricted Stock Units	(4)	02/15/2026		M			456	(4)	(4)	Common Stock	456	$0	912	D
Restricted Stock Units	(5)	02/15/2026		A		1,631		(5)	(5)	Common Stock	1,631	$0	1,631	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. Each RSU has a value equal to one share of common stock. Of such RSUs, 1,206 vested on February 13, 2026 and 1,206 vest on February 13, 2027.

4. Each RSU has a value equal to one share of common stock. Of such RSUs, 456 vested on February 15, 2026 and 456 vest on February 15 of each of 2027 and 2028.

5. Each RSU has a value equal to one share of common stock. Of such RSUs, 543 vest on February 15, 2027 and 544 vest on February 15 of each of 2028 and 2029.

Remarks:

	/s/ Micheal W. Dobbs	02/18/2026
	** 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.