GLOVER TYLER 4

4 · Texas Pacific Land Corp · Filed Feb 12, 2026

AI-generated summary of this filing

Updated Feb 12, 2026

Texas Pacific Land (TPL) CEO Tyler Glover Exercises Options, Receives Shares

What Happened

Tyler Glover, President & CEO and Director of Texas Pacific Land (TPL), had performance share units (PSUs) and restricted stock units (RSUs) convert/vest on Feb 10, 2026, resulting in the acquisition/conversion of 15,991 shares of common stock. To satisfy tax withholding obligations, 6,780 of those shares were surrendered to the company (treated as dispositions) for aggregate value of $2,722,984 (1,137 shares at $401.62 = $456,642 and 5,643 shares at $401.62 = $2,266,342). There is an additional derivative line showing 2,664 shares as a conversion/disposition with $0 proceeds (related to the conversion mechanics).
Net increase in Glover’s holdings from these transactions = 6,547 shares (15,991 acquired less 9,444 disposed/conveyed as shown), after accounting for the surrendered shares and the derivative conversion/disposition entries.

Key Details

Transaction date: February 10, 2026; Form filed Feb 12, 2026 (timely — within the two-business-day Form 4 window).
Reported items: 13,327 shares reported as a grant/award (RSUs/PSUs), plus two conversion/exercise entries of 2,664 shares each (one shown as acquired, one shown as disposed/derivative).
Tax withholding: 6,780 shares surrendered to the issuer to cover tax obligations (1,137 and 5,643 share entries), totaling ~$2.72 million at $401.62/share.
Footnotes: PSUs granted Feb 10, 2023 vested based on performance (RTSR at 171% of target, FCF at 164% of target) and convert 1:1 into common stock; RSUs convert 1:1 and some RSUs have staggered vesting per the filing. All share amounts reflect the 3-for-1 stock split effective Dec 22, 2025.
Shares owned after transaction: not specified in the provided filing details.

Context

This was a vesting/conversion of equity awards (PSUs/RSUs), not an open-market purchase or voluntary sale. The surrender of shares to cover taxes is a common net-settlement/cashless procedure and should be viewed as fulfilling withholding obligations rather than a market sale motivated by cash needs.
For retail investors, awards/vests can indicate executive compensation realization; purchases are generally more informative about insider conviction than routine vesting events.

Form 4

Period: 2026-02-10

DirectorPresident & CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-10+2,664→ 34,491 total
Tax Payment
Common Stock
[F2]
2026-02-10$401.62/sh−1,137$456,642→ 33,354 total
Award
Common Stock
[F3][F4]
2026-02-10+13,327→ 46,681 total
Tax Payment
Common Stock
[F2]
2026-02-10$401.62/sh−5,643$2,266,342→ 41,038 total
Exercise/Conversion
Restricted Stock Units
[F5]
2026-02-10−2,664→ 0 total
→ Common Stock (2,664 underlying)

Holdings

Footnotes (7)

[F1]Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
[F2]Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
[F3]On February 10, 2023, the Reporting Person was granted performance share units ("PSUs"), the vesting of which was subject to the achievement of certain relative total shareholder return ("RTSR") and free cash flow per share ("FCF") performance criteria. The number of shares reported represents the number of PSUs that vested as a result of the achievement of such performance criteria at 171% of target for the RTSR PSUs and 164% of target for the FCF PSUs.
[F4]PSUs convert into common stock on a one-for-one basis.
[F5]Each RSU has a value equal to one share of common stock. All of the RSUs reported vested on February 10, 2026.
[F6]Each RSU has a value equal to one share of common stock. Of such RSUs, 3,807 vest on February 13 of each of 2026 and 2027.
[F7]Each RSU has a value equal to one share of common stock. Of such RSUs, 1,626 vest on February 15 of each of 2026, 2027 and 2028.

Signature

/s/ Micheal W. Dobbs, attorney-in-fact|2026-02-12

1 file