Texas Pacific Land Corp Files 2024 Proxy Statement

TL;DR

TPL proxy statement filed, annual meeting Nov 8. Vote your shares!

AI Summary

Texas Pacific Land Corp filed its definitive proxy statement on September 24, 2024, for its annual meeting on November 8, 2024. The filing, designated as DEF 14A, outlines the company's governance and shareholder matters. No filing fee was required for this submission.

Why It Matters

This filing provides shareholders with crucial information regarding company leadership, voting matters, and executive compensation, enabling informed participation in corporate governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing, not indicating any immediate financial or operational risks.

Key Numbers

• 20241108 — Annual Meeting Date (Shareholders will vote on company matters on this date.)

Key Players & Entities

• Texas Pacific Land Corp (company) — Registrant
• 0001104659-24-102208 (filing_id) — Accession Number
• 20240924 (date) — Filing Date
• 20241108 (date) — Meeting Date

FAQ

Key Financial Figures

• $0 — f shares of our common stock, par value $0.01, as of the close of business on Sept
• $0.01 — f the Company's common stock, par value $0.01 per share (the "Common Stock"), as of t

Filing Documents

• tm2419969d6_def14a.htm (DEF 14A) — 1799KB
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• 0001104659-24-102208.txt ( ) — 7714KB
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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 45

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 45

Security Ownership of Directors and Officers

Security Ownership of Directors and Officers 46 Transactions with Related Persons 47 EXECUTIVE OFFICER AND DIRECTOR COMPENSATION 48 Executive Officers 48 Significant Employees 48 Compensation Discussion and Analysis 49 Executive Summary 49 Business and Financial Performance 2023 Highlights 50 Key Aspects of 2023 Design 50 Decision-Making Process 50 Benchmarking Process 52 2023 Compensation Program 53 Other Governance Features 57 Compensation Committee Report 59 Summary Compensation Table 60 Grants Of Plan Based Awards 61 Outstanding Equity Awards at Fiscal Year End 62 Stock Awards Vested 63 Pay Ratio Disclosure 63 Employment Agreements 63 Potential Payments upon Termination or Change in Control 66 TABLE OF CONTENTS TABLE OF CONTENTS Pension Benefits 68 Securities Authorized for Issuance under Equity Compensation Plans 69 Pay Versus Performance Disclosure 70 Directors' Compensation 74 REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS 76 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 77 INCORPORATION BY REFERENCE 78

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 78 APPENDIX A A-1 Annex A A-A-1 Annex B B-1 TABLE OF CONTENTS PROXY STATEMENT 2024 ANNUAL MEETING OF STOCKHOLDERS PROXY SUMMARY Date and Time November 8, 2024 1:00 p.m. CT Location OMNI DALLAS HOTEL 555 South Lamar Street Dallas, Texas 75202 1700 Pacific Avenue, Suite 2900 Dallas, TX 75201 (214) 969-5530 ABOUT THE ANNUAL MEETING This proxy statement (this "Proxy Statement") is being furnished to the stockholders of Texas Pacific Land Corporation (the "Company," "TPL," "we," "our" or "us") in connection with the solicitation of proxies by the Board of Directors of the Company (the "Board"). The proxies are for use at the 2024 Annual Meeting of Stockholders of the Company scheduled to be held on November 8, 2024, at 1:00 p.m. Central time (including any adjournment, postponement or continuation thereof, the "Annual Meeting") at the Omni Dallas Hotel, 555 South Lamar Street, Dallas, Texas 75202. Your vote is extremely important no matter how many shares you own. We hope you will attend the Annual Meeting. However, whether or not you expect to attend the Annual Meeting in person, please promptly vote your shares by following the instructions on the Notice of Internet Availability of Proxy Materials or your proxy card or voting instruction form, as applicable. The Company consummated its corporate reorganization from a trust to a corporation (the "Corporate Reorganization") on January 11, 2021. The trust, known as Texas Pacific Land Trust (the "Trust") from its inception in 1888 until the Corporate Reorganization, was reorganized into a corporation formed under the laws of the State of Delaware and named Texas Pacific Land Corporation. Any references in this Proxy Statement to the Company, TPL, we, our or us with respect to periods prior to January 11, 2021 refer to the Trust, and references to periods on that date and thereafter refer to Texas Pacific Land Corporation. The proxy materials were fir

View Full Filing

View this DEF 14A filing on SEC EDGAR