Bolling Harrison Fenner 4

What Happened

• Bolling Harrison Fenner, Executive Vice President and General Counsel of LandBridge Company LLC (LB), had 9,152 Class A shares withheld on July 1, 2026 to satisfy tax withholding tied to the vesting and settlement of restricted share units (RSUs). The reporting shows a withholding price of $72.30 per share, totaling $661,690. This is a tax-withholding/net settlement related to an award, not a market sale or purchase.

Key Details

• Transaction date: 2026-07-01; Form filed: 2026-07-02 (appears timely).
• Transaction type/code: F — tax withholding related to RSU settlement.
• Shares withheld: 9,152 at $72.30 per share; total value $661,690.
• Shares owned after transaction: not specified in this Form 4 filing.
• Footnote: The issuer withheld Class A shares that otherwise would have been issued to the reporting person to satisfy tax withholding obligations upon RSU vesting (net settlement).

Context

• This was a withholding to cover taxes on vested RSUs (a common administrative step), not an open-market sale or a purchase — it doesn’t necessarily signal buying or selling intent.
• For retail investors, award settlements and related withholdings are routine compensation events; they differ from voluntary sales or purchases when assessing insider sentiment.