Form 4: Texas Pacific Land Corp Director Acquires Shares as Part of Annual Retainer
SEC Form 4 Filing
Director Barbara J Duganier acquired 132 shares of Texas Pacific Land Corp common stock on January 2, 2025, as part of her annual retainer for board service.
Summary
- On January 2, 2025, Barbara J Duganier, a director of Texas Pacific Land Corp, acquired 132 shares of common stock.
- The acquisition was part of her annual retainer for board service, commencing January 1, 2025.
- The shares were acquired at a price of $0 each.
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 alignment with shareholder interests.
Industry Context
This filing is a routine disclosure related to insider transactions, specifically the acquisition of shares by a director as part of their compensation. It's common for board members to receive stock as part of their retainer, aligning their interests with those of the shareholders.
Stakeholder Impact
- The acquisition of shares by a director can be viewed positively by shareholders as it aligns the director's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Commencement of board service year for which the retainer is paid. |
| 01/02/2025 | Date of transaction: Acquisition of 132 shares of common stock. |
| 01/06/2025 | Date of signature on the Form 4 filing. |
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