Form 4: Texas Pacific Land Corp CFO Chris Steddum Sells Shares Under 10b5-1 Plan

Chris Steddum, CFO of Texas Pacific Land Corp, sold shares of common stock on March 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 14, 2025, Chris Steddum, the Chief Financial Officer of Texas Pacific Land Corporation, sold shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 13, 2024.
• A total of 205 shares were sold in multiple transactions at varying prices ranging from $1,310.00 to $1,323.92.
• Following these transactions, Mr. Steddum still beneficially owns 3,502 shares of Texas Pacific Land Corp common stock.
• Mr. Steddum also holds restricted stock units (RSUs) that will vest in February of 2026, 2027 and 2028.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing, indicating insider selling under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.

Stakeholder Impact

• The stock sale by a high-ranking officer could cause minor short-term fluctuations in the stock price, but the impact is likely to be minimal given the pre-planned nature of the transactions.

Key Dates