[Form 4] Texas Pacific Land Corp Insider Trading Activity
Rhea-AI Filing Summary
Texas Pacific Land Corp’s Chief Financial Officer Chris Steddum reported multiple equity compensation events. On February 13, 2026, 2,079 restricted stock units (RSUs) vested and converted into the same number of common shares on a one-for-one basis.
On the same date, 984 common shares were surrendered to the company at $432.31 per share to cover tax withholding obligations. On February 15, 2026, a further 795 RSUs vested and converted into common stock, and 376 common shares were similarly surrendered for taxes at $432.31 per share.
Steddum also received a new grant of 2,753 RSUs, each equal in value to one common share, with future vesting tranches of 917 RSUs on February 15, 2027 and 918 RSUs on February 15 of 2028 and 2029. Following these transactions, he directly owned 16,040 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 795 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,753 | $0.00 | -- |
| Exercise | Common Stock | 795 | $0.00 | -- |
| Tax Withholding | Common Stock | 376 | $432.31 | $163K |
| Exercise | Restricted Stock Units | 2,079 | $0.00 | -- |
| Exercise | Common Stock | 2,079 | $0.00 | -- |
| Tax Withholding | Common Stock | 984 | $432.31 | $425K |
Footnotes (1)
- Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person. Each RSU has a value equal to one share of common stock. Of such RSUs, 2,079 vested on February 13, 2026 and 2,079 vest on February 13, 2027. Each RSU has a value equal to one share of common stock. Of such RSUs, 795 vested on February 15, 2026 and 795 vest on February 15 of each of 2027 and 2028. Each RSU has a value equal to one share of common stock. Of such RSUs, 917 vest on February 15, 2027 and 918 vest on February 15 of each of 2028 and 2029.