Texas Pacific Land director buys 5 shares at $372

A TPL director increased his direct holdings slightly through an automatic dividend reinvestment purchase.

Rhea-AI Filing Summary

Texas Pacific Land Corp (TPL) director Peter Doyle reported a small purchase of common stock on September 15, 2026. He acquired 5 shares at $371.64 per share through an automatic dividend reinvestment, increasing his directly held stake to 146,941 shares. No Rule 10b5-1 trading plan is reported, and he also has additional indirect holdings in shares held in a trust for which his spouse serves as trustee.

Insider Trade Summary

Net Buyer: 5 shares

Net Buy 3 txns

Insider DOYLE PETER

Role Director

Bought 5 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	5	$371.64	$2K
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 146,941 shares (Direct); Common Stock — 13,091 shares (Indirect, Spouse)

Footnotes (2)

1. F1. Automatic investment as part of a dividend reinvestment.
2. F2. The Reporting Person's spouse serves as trustee for these shares held in trust.

Key Figures

Shares purchased: 5 shares Purchase price per share: $371.64 Direct holdings after transaction: 146,941 shares +2 more

5 metrics

Shares purchased 5 shares Common Stock acquired on September 15, 2026

Purchase price per share $371.64 Price for the 5 shares bought on September 15, 2026

Direct holdings after transaction 146,941 shares Directly held Texas Pacific Land Corp common stock following the purchase

Reported buy transactions 1 transaction Number of buy transactions in this Form 4

Net shares bought 5 shares Net of all reported buy/sell activity in this Form 4

Key Terms

dividend reinvestment, automatic investment, indirect ownership

3 terms

dividend reinvestment financial

"Automatic investment as part of a dividend reinvestment"

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

automatic investment financial

"Automatic investment as part of a dividend reinvestment"

indirect ownership financial

"ownership type is indirect and the nature of ownership is Spouse"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TPL director Peter Doyle report?

Peter Doyle reported buying 5 shares of Texas Pacific Land Corp common stock on September 15, 2026 through an automatic dividend reinvestment at $371.64 per share, bringing his directly held position to 146,941 shares.

How many Texas Pacific Land Corp (TPL) shares does Peter Doyle hold after this Form 4?

After the reported transaction, Peter Doyle directly holds 146,941 shares of Texas Pacific Land Corp common stock. The filing also notes additional shares held indirectly in a trust for which his spouse serves as trustee, but it does not state the number of those shares.

What price did Peter Doyle pay per TPL share in the September 15, 2026 transaction?

The reported price was $371.64 per share for the 5 shares of Texas Pacific Land Corp common stock acquired on September 15, 2026 as part of an automatic dividend reinvestment.

Was Peter Doyle’s TPL share purchase under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and the footnotes describe the transaction as an automatic investment as part of a dividend reinvestment, without referencing any Rule 10b5-1 plan.

What indirect TPL holdings related to Peter Doyle are disclosed in this Form 4?

The filing shows indirect ownership entries for Texas Pacific Land Corp common stock where the nature of ownership is listed as Spouse, and a footnote states that the spouse serves as trustee for shares held in trust. The number of such shares is not stated.

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

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Available on EDGAR 09/17/2026 - 04:23 PM Accepted by SEC EDGAR 09/17/2026 - 04:22 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^*

DOYLE PETER

(Last) (First) (Middle)

1270 AVENUE OF THE AMERICAS

27TH FLOOR

(Street)

NEW YORK NEW YORK 10020

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/15/2026		P		5	A	$371.64	146,941(1)	D
Common Stock								11,286	I	Spouse
Common Stock								1,805(2)	I	Spouse

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

Explanation of Responses:

1. Automatic investment as part of a dividend reinvestment.

2. The Reporting Person's spouse serves as trustee for these shares held in trust.

	/s/ Jay Kesslen, attorney-in-fact	09/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)