4/A: LandBridge Director Corrects Share Ownership Filing

LandBridge Co LLC Director Charles L. Watson amended a previous SEC filing to correct the reported number of Class A shares acquired and beneficially owned.

Summary

• Charles L. Watson, a Director of LandBridge Co LLC, filed an amended Form 4/A on September 22, 2025.
• This amendment corrects an administrative error in the original Form 4 filed on August 28, 2025, regarding the number of Class A shares acquired and beneficially owned.
• On August 27, 2025, Mr. Watson was granted 2,201 restricted stock units (Class A shares) under the LandBridge Company LLC Long-Term Incentive Plan.
• These restricted stock units are scheduled to vest on July 1, 2026, contingent upon his continued service on the board of directors.
• Following this transaction and correction, Mr. Watson directly beneficially owns 9,554 Class A shares.
• He also indirectly beneficially owns 117,600 Class A shares through Wincrest Ventures, LP, where he serves as chief executive officer and, with his wife, jointly owns 100% of the general partner.

Sentiment

Score: 5

Explanation: The filing is neutral as it primarily corrects an administrative error in an insider transaction report. The grant of RSUs is a minor positive for director alignment.

Positives

• The grant of 2,201 restricted stock units to Director Charles L. Watson aligns his interests with those of shareholders.
• The correction of an administrative error enhances the accuracy and transparency of insider ownership disclosures.

Negatives

• An administrative error occurred in the initial Form 4 filing, necessitating an amendment.

Risks

• The reporting person disclaims beneficial ownership of Class A shares held indirectly by Wincrest Ventures, LP, in excess of his pecuniary interest therein, if any.

Future Outlook

The 2,201 restricted stock units granted to Director Charles L. Watson are scheduled to vest on July 1, 2026, subject to his continued service on the board of directors.

Management Comments

• Reflects the grant of restricted stock units pursuant to the LandBridge Company LLC Long-Term Incentive Plan which vest on July 1, 2026, generally subject to continued service on the board of directors through such vesting date.
• The original Form 4, filed on August 28, 2025, is being amended by this Form 4/A solely to correct an administrative error. The original Form 4 inadvertently included the incorrect number of shares acquired and beneficially owned by the Reporting Person.
• The reporting person disclaims beneficial ownership of Class A shares in excess of his pecuniary interest therein, if any.

Industry Context

This filing is a routine insider transaction amendment and does not provide specific industry context or trends.

Related Party Transactions

• Charles L. Watson indirectly beneficially owns 117,600 Class A shares through Wincrest Ventures, LP, where he is the chief executive officer and, with his wife, jointly owns 100% of the ownership interests in Wincrest Investments Inc., the sole general partner of Wincrest Ventures.

Stakeholder Impact

• Shareholders: Provides updated and accurate information regarding a director's beneficial ownership, enhancing transparency.
• Management: Ensures compliance with SEC reporting requirements by correcting previous administrative errors.

Next Steps

• Continued service on the board of directors by Charles L. Watson until July 1, 2026, for the vesting of restricted stock units.
• Vesting of 2,201 restricted stock units on July 1, 2026.

Key Dates

Keywords

LandBridge Co LLC, LB, Charles L. Watson, Form 4/A, SEC filing, insider transaction, beneficial ownership, restricted stock units, corporate governance, director compensation