Form 4: Texas Pacific Land Corp Director Acquires Shares as Part of Annual Retainer
SEC Form 4 Filing
Director Robert M. Roosa acquired 132 shares of Texas Pacific Land Corp as part of his annual board service retainer.
Summary
- On January 2, 2025, Robert M. Roosa, a director of Texas Pacific Land Corporation, acquired 132 shares of common stock.
- The acquisition was part of his annual retainer for board service, with the stock valued at $0.
- Following the transaction, Roosa directly owns 405 shares and indirectly owns 450 shares through RSR Resources & Minerals Unvested, LLC and 450 shares through RSR Resources & Minerals Vested, LLC, where he serves as the manager.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (director's compensation) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Industry Context
Directors commonly receive stock as part of their compensation, aligning their interests with those of shareholders.
Stakeholder Impact
- The acquisition of shares by a director can positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Robert M. Roosa acquired 132 shares of common stock. |
| 01/06/2025 | Date of signature on the Form 4 filing. |
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