Form 4: Texas Pacific Land Corp Director Acquires Shares as Part of Annual Retainer
SEC Form 4 Filing
Director Marguerite Woung-Chapman acquired 132 shares of Texas Pacific Land Corp common stock on January 2, 2025, as part of her annual retainer for board service.
Summary
- Marguerite Woung-Chapman, a director of Texas Pacific Land Corp, acquired 132 shares of common stock on January 2, 2025.
- The acquisition was part of her annual retainer for board service, commencing January 1, 2025.
- The shares were acquired at a price of $0.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (share acquisition as part of director compensation), indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors, offering insights into their confidence in the company's prospects.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Commencement of board service year for which the shares are part of the annual retainer. |
| 01/02/2025 | Date of transaction: Acquisition of 132 shares of common stock. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
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