Texas Pacific Land (TPL) director Roosa reports 554-share board retainer grant
Rhea-AI Filing Summary
Texas Pacific Land Corp director Robert M. Roosa reported receiving 554 shares of common stock on January 5, 2026. The shares represent the stock portion of his annual board retainer for the year of service commencing January 1, 2026 and were recorded at a price of $0.00 per share, indicating a compensation grant rather than an open-market purchase.
Following this grant, Roosa directly holds 1,769 shares of Texas Pacific Land common stock. Additional indirect holdings of 1,350 shares each are reported as being held by RSR Resources & Minerals Unvested, LLC and RSR Resources & Minerals Vested, LLC, entities for which he serves as manager. All reported 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) report for Robert M. Roosa?
Texas Pacific Land Corp reported that director Robert M. Roosa received 554 shares of common stock on January 5, 2026. The transaction was coded as an A (award or grant) and carried a price of $0.00 per share, indicating it was part of his board compensation rather than a market trade.
Why did Robert M. Roosa receive 554 TPL shares on January 5, 2026?
The filing states that the 554-share grant "constitutes stock portion of annual retainer for the year of board service" by Robert M. Roosa, commencing January 1, 2026. This means the shares are a stock-based component of his compensation for serving on the board of Texas Pacific Land Corp.
How many Texas Pacific Land (TPL) shares does Robert M. Roosa own directly after this Form 4?
After the reported grant, Robert M. Roosa directly holds 1,769 shares of Texas Pacific Land Corp common stock. The filing notes that all share amounts reflect the 3-for-1 stock split that was effected on December 22, 2025.
What indirect TPL shareholdings related to Robert M. Roosa are disclosed?
The Form 4 discloses two indirect positions of 1,350 shares of Texas Pacific Land common stock each. One block is held by RSR Resources & Minerals Unvested, LLC and the other by RSR Resources & Minerals Vested, LLC, and in both cases the filing notes that Robert M. Roosa is the manager of the respective LLC.
Does the Texas Pacific Land (TPL) Form 4 show any stock sales by Robert M. Roosa?
No stock sales are shown. The only reported transaction is an A-coded acquisition of 554 shares at $0.00 per share as part of the stock portion of his annual board retainer. The remaining entries describe his direct and indirect holdings following this grant.
How does the December 22, 2025 stock split affect the TPL share figures in this Form 4?
The remarks state that all share amounts in the Form 4 reflect a 3-for-1 stock split that was effected on December 22, 2025. This means the reported 554-share grant and the direct and indirect ownership totals are already adjusted for the split.