Form 4: TPL Director Roosa Receives Annual Stock Retainer

Texas Pacific Land Corp Director Robert M. Roosa acquired 554 shares of common stock as part of his annual board retainer, effective January 5, 2026.

Summary

• Robert M. Roosa, a Director of Texas Pacific Land Corp (TPL), acquired 554 shares of common stock.
• The transaction occurred on January 5, 2026, and the shares were acquired at a price of $0.00 per share.
• These shares constitute the stock portion of his annual retainer for board service commencing January 1, 2026.
• Following this transaction, Robert M. Roosa directly beneficially owns 1,769 shares of common stock.
• Additionally, he indirectly beneficially owns 1,350 shares through RSR Resources & Minerals Unvested, LLC, and another 1,350 shares through RSR Resources & Minerals Vested, LLC, both of which he manages.
• All share amounts reported reflect a 3-for-1 stock split that was effected on December 22, 2025.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-cash compensation event for a director, which is generally viewed as neutral to slightly positive as it aligns management interests with shareholders without indicating any new operational or financial performance.

Positives

• The acquisition of stock as part of an annual retainer aligns the director's financial interests with those of the shareholders, promoting long-term value creation.

Future Outlook

The filing indicates that the acquired shares are part of the annual retainer for board service commencing January 1, 2026, suggesting continued engagement of the director.

Industry Context

The practice of compensating directors with company stock is a common and widely accepted method across various industries, particularly in publicly traded companies, to align the interests of board members with long-term shareholder value.

Comparison to Industry Standards

• Granting stock as part of director compensation is a standard practice in corporate governance, aligning director incentives with shareholder returns, similar to practices at comparable companies in the energy and land management sectors.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of 1,350 shares each through RSR Resources & Minerals Unvested, LLC and RSR Resources & Minerals Vested, LLC, both managed by the reporting person, are disclosed.

Stakeholder Impact

• Shareholders: The stock grant aligns the director's interests with shareholder value, potentially leading to decisions that benefit long-term stock performance.

Next Steps

• Robert M. Roosa will continue his board service for Texas Pacific Land Corp, for which this stock retainer is compensation.

Key Dates

Keywords

TPL, Texas Pacific Land Corp, Form 4, insider transaction, stock acquisition, director compensation, Robert M. Roosa, equity compensation