Form 4: Texas Pacific Land Corp: Officer Stephanie Buffington Reports Stock Transactions

Stephanie Buffington, Chief Accounting Officer of Texas Pacific Land Corp, reports the vesting and disposal of restricted stock units to cover tax obligations.

Summary

• On February 13, 2025, Stephanie Buffington, Chief Accounting Officer of Texas Pacific Land Corporation, reported transactions involving common stock and restricted stock units (RSUs).
• 285 RSUs vested and converted into common stock on a one-for-one basis.
• 120 shares were surrendered to cover tax withholding obligations at a price of $1,353.18 per share.
• Following these transactions, Ms. Buffington directly owns 956 shares of common stock and various RSUs that will vest in the future.
• 257 RSUs were acquired on February 15, 2025.
• 171 RSUs are held that vest on February 10, 2026.
• 279 RSUs are held that vest on September 1, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The document outlines future vesting dates for the reported Restricted Stock Units (RSUs).

Industry Context

This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company officers.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares relative to the company's total outstanding shares.

Key Dates