Texas Pacific Land (TPL) director Cook gets 554-share stock retainer award
Rhea-AI Filing Summary
Texas Pacific Land Corp director Donald G. Cook reported receiving 554 shares of common stock on January 5, 2026 as part of his annual board retainer. The shares were acquired at a reported price of $0.00 per share and increased his directly held beneficial ownership to 3,086 shares following the transaction. According to the filing, this stock represents the portion of his annual retainer for board service beginning January 1, 2026. Cook has elected to defer these shares under the Texas Pacific Land Corporation 2021 Non-Employee Director Stock and Deferred Compensation Plan until the year after his service as a director ends. All share amounts reflect a 3-for-1 stock split that took effect on December 22, 2025.
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FAQ
What insider transaction did Texas Pacific Land Corp (TPL) disclose for Donald G. Cook?
Texas Pacific Land Corp reported that director Donald G. Cook acquired 554 shares of common stock on January 5, 2026, coded as an acquisition (A) on the Form 4.
What was the purpose of the 554 TPL shares reported for Donald G. Cook?
The filing states the 554 shares constitute the stock portion of Cook's annual retainer for his year of board service commencing January 1, 2026.
What is Donald G. Cook’s TPL share ownership after this Form 4 transaction?
After the reported transaction, Donald G. Cook beneficially owns 3,086 shares of Texas Pacific Land Corp common stock, held in direct ownership.
At what price were the 554 Texas Pacific Land Corp shares acquired?
The 554 shares of Texas Pacific Land Corp common stock were reported as acquired at a price of $0.00 per share, consistent with a stock-based compensation award.
How are Donald G. Cook’s deferred TPL shares treated under the company plan?
The filing explains that Cook elected to defer these shares under the Texas Pacific Land Corporation 2021 Non-Employee Director Stock and Deferred Compensation Plan until the year following his termination as a director.
Did a recent stock split affect the Texas Pacific Land Corp share amounts in this Form 4?
Yes. The remarks note that all share amounts reflect the 3-for-1 stock split that was effected on December 22, 2025 for Texas Pacific Land Corp.