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Texas Pacific Land (TPL) CEO reports RSU awards and tax-share surrenders

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Texas Pacific Land Corp director and President & CEO Tyler Glover reported equity compensation and related tax-share settlements. On February 15, 2026, he received a grant of 5,726 restricted stock units (RSUs), each equal to one share of common stock. On that date, 1,626 RSUs converted into 1,626 common shares, and earlier on February 13, 2026, 3,807 RSUs converted into 3,807 common shares, all at a stated price of $0.0000 per share.

To cover tax withholding obligations associated with these vestings, Glover disposed of 1,612 common shares on February 13, 2026 and 688 common shares on February 15, 2026 at a reported price of $432.31 per share by surrendering them back to the issuer. Following these transactions, his directly held common stock position was reported at 44,171 shares.

Positive

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Insider GLOVER TYLER
Role President & CEO
Type Security Shares Price Value
Exercise Restricted Stock Units 1,626 $0.00 --
Grant/Award Restricted Stock Units 5,726 $0.00 --
Exercise Common Stock 1,626 $0.00 --
Tax Withholding Common Stock 688 $432.31 $297K
Exercise Restricted Stock Units 3,807 $0.00 --
Exercise Common Stock 3,807 $0.00 --
Tax Withholding Common Stock 1,612 $432.31 $697K
Holdings After Transaction: Restricted Stock Units — 3,252 shares (Direct); Common Stock — 44,859 shares (Direct)
Footnotes (1)
  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, 3,807 vested on February 13, 2026 and 3,807 vest on February 13, 2027. Each RSU has a value equal to one share of common stock. Of such RSUs, 1,626 vested on February 15, 2026 and 1,626 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, 1,908 vest on February 15, 2027 and 1,909 vest on February 15 of each of 2028 and 2029.
Form 4 Insider Transactions: What Each Field Means →
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*
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)
02/13/2026
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 3,807 A (1) 44,845 D
Common Stock 02/13/2026 F 1,612(2) D $432.31 43,233 D
Common Stock 02/15/2026 M 1,626 A (1) 44,859 D
Common Stock 02/15/2026 F 688(2) D $432.31 44,171 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 3,807 (3) (3) Common Stock 3,807 $0 3,807 D
Restricted Stock Units (4) 02/15/2026 M 1,626 (4) (4) Common Stock 1,626 $0 3,252 D
Restricted Stock Units (5) 02/15/2026 A 5,726 (5) (5) Common Stock 5,726 $0 5,726 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, 3,807 vested on February 13, 2026 and 3,807 vest on February 13, 2027.
4. Each RSU has a value equal to one share of common stock. Of such RSUs, 1,626 vested on February 15, 2026 and 1,626 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, 1,908 vest on February 15, 2027 and 1,909 vest on February 15 of each of 2028 and 2029.
Remarks:
/s/ Micheal W. Dobbs, attorney-in-fact 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.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Texas Pacific Land (TPL) CEO Tyler Glover receive?

Tyler Glover received a grant of 5,726 restricted stock units, each equal to one share of Texas Pacific Land common stock. These RSUs vest over several future dates, providing ongoing equity-based compensation tied directly to the company’s share performance.

How many Texas Pacific Land (TPL) RSUs vested for CEO Tyler Glover?

A total of 3,807 RSUs vested on February 13, 2026 and 1,626 RSUs vested on February 15, 2026. Each vested restricted stock unit converted into one share of common stock at a stated price of $0.0000 per share.

Did the TPL CEO sell shares on the open market in this Form 4?

The filing shows share dispositions for tax withholding, not open-market sales. Tyler Glover surrendered 1,612 shares on February 13, 2026 and 688 shares on February 15, 2026 back to the issuer at $432.31 per share to satisfy tax obligations.

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

After the reported RSU conversions and tax-share surrenders, Tyler Glover’s direct ownership of Texas Pacific Land common stock was reported at 44,171 shares. This reflects his holdings immediately following the February 15, 2026 transactions disclosed in the Form 4.

How do the restricted stock units reported for TPL’s CEO convert into common shares?

The restricted stock units convert into Texas Pacific Land common stock on a one-for-one basis. Each RSU has a value equal to one share of common stock and vests on specified future dates, when it automatically converts into common shares.

Why did Texas Pacific Land (TPL) CEO surrender shares at $432.31 per share?

The surrendered shares were used to satisfy tax withholding obligations tied to RSU vesting. The Form 4 reports 1,612 shares and 688 shares delivered back to the issuer at $432.31 per share to cover those tax liabilities instead of paying cash.