DOYLE PETER 4

What Happened

• Peter Doyle, a member of the board of Texas Pacific Land Corporation (TPL), was granted 254 shares on 2026-05-08. The shares were awarded as part of his board retainer and were reported as acquired at $0.00 (total reported value $0), i.e., a stock award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-12.
• Price: $0.00 per share; total reported cash value: $0 (award/grant).
• Shares received: 254 shares (stock portion of annual retainer, prorated for board service starting May 5, 2026) — see footnote F1.
• Shares owned after transaction: not specified in this filing.
• Footnote F2: the reporting person’s spouse serves as trustee for these shares held in trust.
• Reporting note: the filer is an employee of Horizon Kinetics Asset Management LLC (HKAM) and disclaims beneficial ownership except to the extent of any pecuniary interest; HKAM has separately filed reports that may show beneficial ownership.

Context

• This was an awarded/prorated retainer (compensation) for board service, not a cash purchase or sale; such awards are routine compensation and do not by themselves signal a buy/sell decision by the insider.
• The filing shows the grant but does not provide post-transaction ownership totals; monitor future filings for further changes.