LandBridge (LB) Director Charles L. Watson Receives Award

What Happened
Charles L. Watson, a director of LandBridge Company LLC (LB), was granted 1,900 restricted stock units (RSUs) on August 4, 2026. The grant is reported as an award (code A) at $0.00 per share (no immediate cash outlay). The RSUs vest on July 1, 2027, generally subject to Watson’s continued service on the board through that date.

Key Details

• Transaction date: 2026-08-04; Form 4 filed: 2026-08-06 (timely filing).
• Grant: 1,900 RSUs; price reported $0.00; total immediate value reported $0.
• Shares/ownership reported: filing notes 64,250 Class A shares are held by Wincrest Ventures, LP, over which Watson may exercise voting/investment control (see footnote). The 1,900 RSUs are currently unvested.
• Footnote F1: RSUs vest July 1, 2027, generally subject to continued board service.
• Footnote F2: Watson is CEO of Wincrest Ventures and, through family-owned entities, may be deemed to beneficially own the 64,250 Class A shares held by Wincrest Ventures; he disclaims ownership beyond any pecuniary interest.

Context
This was an equity award (retention/compensation), not a purchase or sale. RSUs represent a future right to receive shares if vesting conditions are met and do not provide immediate liquidity or indicate an immediate change in market exposure. The beneficial ownership disclosure reflects Watson’s potential control over institutional holdings (Wincrest Ventures), not a new open-market acquisition.