Texas Pacific Land Corp DEF 14A, filed Sep 25, 2026

About this DEF 14A

Texas Pacific Land Corp (TPL)

DEF 14A 2026-09-25 For: 2026-11-05

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Added on September 25, 2026

To elect nine (9) members of the Company’s Board of Directors to
serve until the 2027 annual meeting of stockholders.

To approve, by non-binding advisory vote, the executive compensation paid to our named executive officers.

To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026.

To approve the redomestication of the Company from Delaware to Texas by conversion.

Texas Pacific Land Corp filed this DEF 14A on September 25, 2026.

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	PROXY SUMMARY					1
	QUESTIONS AND ANSWERS ABOUT OUR ANNUAL MEETING					2
	ITEMS OF BUSINESS REQUIRING YOUR VOTE					8
	PROPOSAL 1 — ELECTION OF DIRECTORS					8
	PROPOSAL 2 — NON-BINDING ADVISORY VOTE ON EXECUTIVE COMPENSATION					18
	PROPOSAL 3 — RATIFICATION OF THE APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM					19
	PROPOSAL 4 — APPROVAL OF THE REDOMESTICATION OF THE COMPANY FROM DELAWARE TO TEXAS BY CONVERSION					20
	OTHER MATTERS					60
	CORPORATE GOVERNANCE AND BOARD STRUCTURE					61
	Stockholder Engagement and Communications with Directors					61
	Board Structure and Committees					62
	Corporate Governance					65
	Other Governance Matters					66
	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT					70
	Security Ownership of Certain Beneficial Owners					70
	Security Ownership of Directors and Officers					71
	Transactions with Related Persons					71
	EXECUTIVE OFFICER AND DIRECTOR COMPENSATION					73
	Executive Officers					73
	Significant Employees					73
	Compensation Discussion and Analysis					74
	Executive Summary					74
	2025 Business and Financial Performance Highlights					75
	Key Aspects of 2025 Design					75
	Decision-Making Process					75
	Benchmarking Process					77
	2025 Compensation Program					78
	Other Governance Features					83
	Compensation Committee Report					84
	Summary Compensation Table					85
	Grants Of Plan Based Awards During 2025					86
	Outstanding Equity Awards as of December 31, 2025					87
	Stock Awards Vested During 2025					88
	Pay Ratio Disclosure					88
	Employment Agreements					88
	Potential Payments upon Termination or Change in Control					91
	Pension Benefits					93
	Securities Authorized for Issuance under Equity Compensation Plans					94

	Pay Versus Performance Disclosure					95
	Directors’ Compensation					99
	REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS					102
	INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM					103
	INCORPORATION BY REFERENCE					104
	FORWARD-LOOKING STATEMENTS					104
	APPENDIX A — NON-GAAP PERFORMANCE MEASURES					A-1
	APPENDIX B — TEXAS REDOMESTICATION RESOLUTIONS					B-1
	APPENDIX C — PLAN OF CONVERSION					C-1
	APPENDIX D — TEXAS CERTIFICATE OF FORMATION					D-1
	APPENDIX E — TEXAS BYLAWS					E-1

Proposals		Board’s Recommendation	More Information
Proposal 1	Election of nine (9) members of the Board to serve until the 2027 annual meeting of stockholders.	FOR each Nominee	Page 8
Proposal 2	Approval, by non-binding advisory vote, of the executive compensation paid to our Named Executive Officers (as defined herein).	FOR	Page 18
Proposal 3	Ratification of the appointment of Deloitte & Touche LLP (“Deloitte”) as our independent registered public accounting firm for the fiscal year ending December 31, 2026.	FOR	Page 19
Proposal 4	Approval of the redomestication of the Company from Delaware to Texas by conversion.	FOR	Page 20

Name	Age	Position
Rhys J. Best	80	Director, Chair
General Donald G. Cook, USAF (Ret.)	80	Director
Peter Doyle	64	Director
Barbara J. Duganier	68	Director
Donna E. Epps	62	Director
Tyler Glover	41	President, CEO & Director
Karl F. Kurz	65	Director
Robert Roosa	56	Director
Marguerite Woung-Chapman	61	Director


	Date and Time November 5, 2026 11:00 a.m. CT
	Location MARRIOTT DALLAS UPTOWN 3033 Fairmount Street Dallas, Texas 75201

Gender	Female	Male
	3	6
Demographics
African American or Black
Native American
Asian
Hispanic or Latino
Caucasian	2	6
Two or More Races or Ethnicities	1

	TYLER GLOVER President, CEO & Director				Mr. Glover has been a member of the Board and served as TPL’s President and Chief Executive Officer since January 11, 2021. Mr. Glover served as Chief Executive Officer, Co-General Agent and Secretary of the Trust from November 2016 to January 11, 2021. Mr. Glover also currently serves as President and Chief Executive Officer of Texas Pacific Water Resources LLC (“TPWR”), a wholly owned subsidiary of TPL, in which capacity he has acted since its formation in June 2017. Mr. Glover previously served as Assistant General Agent of the Trust from December 2014 to November 2016 and has over 17 years of energy services and land management experience. QUALIFICATIONS Mr. Glover’s qualifications to serve as a director include his extensive energy industry and land management expertise and his deep knowledge of TPL gained through his experience as an officer at the Company, including at the Trust.
	AGE: 41 DIRECTOR SINCE: January 2021

Issue	Delaware Charter	Texas Certificate of Formation
Stockholder Voting Threshold (Acts requiring stockholder approval by a majority or more of voting stock)	Under the DGCL, certain matters subject to a stockholder vote, including certain business transactions including, without limitation, mergers, conversions, sales of substantially all assets, require a default vote of the holders of a majority of the outstanding shares entitled to vote thereon, unless the charter specifies a higher voting threshold. The Delaware Charter does not include a higher voting threshold so the default voting standard for such business transactions applies.	Under the TBOC, certain matters subject to a shareholder vote, including “fundamental actions” and “fundamental business transactions” such as mergers, sales of substantially all assets, and other transactions, require a default vote of 2/3 of the shareholders of each class, unless the charter specifies a lower voting threshold. The proposed Texas Certificate of Formation contains language setting the default voting thresholds at a majority of the voting power of all outstanding shares entitled to vote thereon, voting together as a single class, unless a different standard is specified elsewhere in the Texas Certificate of Formation, in order to mirror the DGCL and the absence of special provisions in the Delaware Charter.
Cumulative Voting	Under the DGCL, cumulative voting for the election of directors is allowed only as provided in the corporation’s certificate of incorporation. The Delaware Charter provides that stockholders of the Company shall not be permitted to cumulate their votes for the election of directors.	Under the TBOC, in order to vote cumulatively in a board of directors election, cumulative voting must be authorized by the corporation’s certificate of formation. The proposed Texas Certificate of Formation re-affirms that shareholders do not have a right to cumulative voting in the election of directors.
Board of Directors Vacancies	The Delaware Charter provides that, subject to applicable law and the rights of the holders of any series of preferred stock, any vacancy on the Board shall be filled solely by the affirmative vote of a majority of the directors then in office, even if less than a quorum, and shall not be filled by the stockholders.	The proposed Texas Certificate of Formation does not itself address vacancies on the board of directors, and instead the proposed Texas Bylaws include a vacancies provision that tracks the TBOC requirements, which permits a vacancy to be filled either by the affirmative vote of a majority of the remaining directors or by election of the shareholders at an annual or special meeting called for that purpose.
Director and Officer Liability	The Delaware Charter eliminates the personal liability of directors for monetary damages for any breach of fiduciary duties as a director, to the fullest extent permitted by the DGCL.	The proposed Texas Certificate of Formation eliminates the personal liability of directors and officers for monetary damages for an act or omission by a director or officer in such person’s capacity as a director or officer, as applicable, to the fullest extent permitted by the TBOC.
Action by Written Consent	The Delaware Charter provides that any action required or permitted to be taken by the stockholders of the Company may be taken by consent in writing of such stockholders only pursuant to a resolution of and at the direction of the Board.	The proposed Texas Certificate of Formation provides that shareholders may act only by unanimous written consent in lieu of a meeting.

	Issue			Delaware Bylaws			Texas Bylaws
	Calling of Special Stockholder Meetings			The current Delaware Bylaws provide that special meetings of stockholders may be called by the Board pursuant to a resolution or upon the written request of stockholders of record representing at least twenty-five percent (25%) of the Company’s outstanding shares of common stock.			The proposed Texas Bylaws provide that special meetings of shareholders may be called by the President, by the Board pursuant to a resolution or upon the written request of shareholders of record representing at least twenty-five percent (25%) of the Company’s outstanding shares of common stock.

Issue	Delaware	Texas
Fiduciary Duties	In Delaware, fiduciary duties are generally developed by case law. In general, directors and officers owe fiduciary duties of care and loyalty (which further include the duties of good faith, oversight, and disclosure) to the corporation and its stockholders. The duty of care requires a director to perform his or her duties with such care as an ordinarily prudent man would use in similar circumstances. The duty of care requires directors not to act with gross negligence, including, depending on the facts and circumstances, by being well-informed and gathering and considering reasonably available relevant information. The duty of loyalty requires directors to act in good faith and under the belief that their actions will be best for the corporation and its stockholders. Directors are “fully protected” if they rely in good faith upon the records of the corporation and upon such information, opinions, reports or statements presented to the corporation by any of the corporation’s officers or employees, or committees of the board of directors, or by any other person as to matters the director reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the corporation.	In Texas, fiduciary duties are generally developed by case law. Directors and officers owe fiduciary duties of loyalty, due care, and obedience (i.e., duty to follow the law) to the corporation. The duty of loyalty dictates that a corporate officer or director must act in good faith and must not allow his or her personal interest to prevail over the interest of the corporation. The duty of care requires the director to handle his or her duties with such care as an ordinarily prudent man would use under similar circumstances. In performing this obligation, the director must be diligent and informed and exercise honest and unbiased business judgment in pursuit of corporate interests. Directors and officers may rely on information, opinions, reports, or statements, including financial statements and other financial data, prepared or presented by an officer or employee of the entity, legal counsel, a certified public accountant, an investment banker, a person who the director or officer reasonably believes possesses professional expertise in the matter, or a committee of the corporation on which the director or officer does not serve. Under the Texas Law Amendments, directors and officers, in exercising their powers with respect to the entity, may (but are not required to) consider the laws and judicial decisions of other states and the practices observed by entities formed in those other states.
Business Judgment Rule	Under Delaware law, directors and officers are generally protected by the business judgment rule, which is a presumption that in making a business decision the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the company. Under the business judgment rule, a court will generally not second-guess directors’ decisions unless the business judgment rule’s presumptions have been rebutted for a majority of directors who made the challenged decision. If the business judgment rule’s presumptions have been rebutted for a majority of directors, directors will not be personally liable absent a finding of non-exculpated fiduciary misconduct. Personal liability for breach of the duty of care cannot occur unless (1) the director acted with gross negligence and	Under Texas law, directors and officers are generally protected by the business judgment rule, which protects directors and officers from liability for decisions that may be considered negligent, unwise, inexpedient or imprudent if made in good faith and within their discretion in furtherance of the corporation’s interests. Texas courts have typically not imposed liability on disinterested directors unless the conduct involves fraud or an ultra vires act, although Texas case law is not clear as to whether “gross negligence” will support a breach of the duty of loyalty and therefore impose liability. The Texas Law Amendments codify the business judgment rule for corporations that (1) have a class or series of voting shares listed on a national securities exchange or

Name and Address of Beneficial Owner	Number of Securities Beneficially Owned(1)		Percent of Class
Horizon Kinetics Holding Corporation(2) 470 Park Avenue South, 8th Floor South New York, New York 10016		10,109,933	14.7%
BlackRock, Inc.(3) 50 Hudson Yards New York, New York 10001		5,445,993	7.9%
Vanguard Capital Management LLC(4) 100 Vanguard Blvd. Malvern, Pennsylvania 19355		4,348,379	6.3%
State Street Corporation(5) One Congress Street, Suite 1 Boston, Massachusetts 02114		3,508,116	5.1%


	TYLER GLOVER President and Chief Executive Officer				CHRIS STEDDUM Chief Financial Officer				MICHEAL W. DOBBS Senior Vice President, Secretary, and General Counsel

Key Compensation Component	Purpose	Philosophy
Base Salary	• Provide a competitive level of fixed compensation	• Set at a competitive level annually by the Compensation Committee and the Board, as applicable • Based on evaluation of executive officers’ performance, contributions and competitive market data
Annual Cash Incentive	• Align executive officer pay with performance • Reward for achievement of annual goals, both financial and non-financial • Establish strategic priorities for the year through the strategic portion of the award	• Individual target levels set at a competitive level based on competitive market data and executive officers’ contribution level • Payouts heavily influenced by performance against pre-set goals • Portion of award earned through achievements against strategic priorities
Long-Term Incentives	• Align executive pay with long-term stockholder value creation through share ownership • Encourage long-term retention through extended vesting periods • Tie executive pay outcomes to long-term performance through performance-based awards	• Individual awards set at a competitive level based on competitive market data and executive officers’ contribution level • At least 50% of each executive officer’s awards are performance-based • Performance tied to long-term share price and financial performance, based on pre-set goals

Royalty/Non-Op Companies	Midstream/Water Companies	E&P Companies
Black Stone Minerals, L.P.	Aris Water Solutions, Inc.(1)	Civitas Resources, Inc.
Freehold Royalties Ltd.	DT Midstream, Inc.	Matador Resources Co
Kimbell Royalty Partners, LP	EnLink Midstream, LLC(1)	Ovintiv, Inc.
Northern Oil & Gas, Inc.	Kinetik Holdings, Inc.	Permian Resources Corp
PrairieSky Royalty Ltd	Select Water Solutions, Inc.	Range Resources Corp
Sitio Royalties Corp(1)	Western Midstream Partners, L.P.	SM Energy Co

Named Executive Officer	Base Salary as of December 31, 2025
Tyler Glover		$	850,000
Chris Steddum		$	545,000
Micheal W. Dobbs		$	455,000

	Named Executive Officer			2025 Target Bonus as a % of Salary
	Tyler Glover			110%
	Chris Steddum			100%
	Micheal W. Dobbs			80%

Metric	Weight	Rationale
FCF per Fully Diluted Share(1)	50%	Generating FCF is a high priority for TPL, which enables greater returns to stockholders in the form of dividends and share repurchases. Measuring FCF on a per share basis ensures that any share dilution is appropriately used to increase FCF.
Adjusted EBITDA	25%	Generating Adjusted EBITDA is a high priority for TPL and represents a strong indicator of business performance.
Strategic Objectives	25%	These objectives were established based on key strategic priorities to ensure long-term success, such as safety and environmental performance, increasing use of TPL’s land, SLEM, and water services, leveraging TPL’s land to explore other non-oil and gas revenue streams, increased operational enhancements through integrated technology solutions, and generating an appropriate return on new capital spend.

Metric	Weighting	Threshold	Target	Maximum	Actual Results
FCF per Fully Diluted Share(1)	50.0%	$4.33	$6.67	$9.00	$7.22
Adjusted EBITDA	25.0%	$435,000,000	$635,000,000	$835,000,000	$687,369,000

	Strategic Objectives			Results
	Safety: Maintain a total recordable incident rate (“TRIR”) score at or below the industry average			No reported safety incidents; TRIR score is zero
	ESG: Remain below FY21 Scope 1 Emissions level (assuming no significant acquisitions)			Scope 1 emissions declined 17% compared to 2021 levels resulting from electrification of water facilities
	Environmental: Zero produced water spills			Zero spills
	Growth: Increase out of basin disposal volumes by 100% and execute one additional long-term agreement			Exceeded disposal volume increase of 100%; Executed contract with an 8-year term.
	Growth: Transmissive Phase 2B 65% operational capacity			Transmissive Phase 2B construction paused to allow testing and potential incorporation of additional desalination equipment. Construction completion expected in first half of 2026.
	Technology: Develop and implement integrated solutions to improve the efficiency of manual tasks, streamline data collection and workflows, and enhance revenue management, achieving a 20% reduction in manual effort			Accomplishments include, but are not limited to: (i) water treatment data collection and analysis — automated 90% of manual steps, saving an estimated 10-20 hours per week; (ii) developed integrated source water application, saving an estimated eight plus days per month of manual processing; and (iii) other improvements to mineral and surface data management.
	Capital Returns: For minerals/royalties, achieve 12% pre-tax cash flow yield for acquired minerals and royalties portfolio; for surface and water assets, achieve 8% ROIC for acquisitions closed since 2023			Royalties/minerals portfolio generated 16% pre-tax cash flow yield for 2025. Surface/water acquisitions generated a 9% ROIC for 2025 including acquisitions closed since 2023.

Named Executive Officer	Actual Bonus for 2025
Tyler Glover		$	1,150,050
Chris Steddum		$	670,350
Micheal W. Dobbs		$	447,720

Vehicle	Weight	Rationale
PSUs Tied to Relative Total Stockholder Return (“RTSR”) against the SPDR S&P Oil & Gas Exploration & Production ETF (“XOP”) Index	25%	Earned if TPL performs well against a broad group of energy companies included in the XOP index. The maximum amount can only be earned if TPL is in the top 10% of this index.
PSUs Tied to Three-Year Cumulative FCF per Fully Diluted Share	25%	Earned if TPL meets pre-established goals for generating FCF over the three-year performance period. Generating FCF enables greater returns to stockholders in the form of dividends and share repurchases.
Time-Based Restricted Stock Units (RSUs)	50%	Increases alignment between executives’ interests and stockholders through share ownership of our executive team. Encourages continuity of the management team due to long-term (three-year) vesting provisions.

	Percentile Rank			Shares Earned as a % of Target(1)
	90th or above			200%
	70th			150%
	50th			100%
	25th			25%
	< 25th			—%

Performance Level	Cumulative 3-Year FCF/Diluted Share(1)	Shares Earned as a % of Target(2)
Maximum	$28.33/Share	200%
Target	$21.67/Share	100%
Threshold	$15.00/Share	25%
Below Threshold	<$15.00/Share	—%

Name	Base Salary			Target LTI as Percentage of Base Salary	Target LTI Dollar Amount(1)			Number of PSUs (at Target)(2)		Number of RSUs(2)
Tyler Glover		$	850,000	525%		$	4,462,500		4,878		4,878
Chris Steddum		$	545,000	400%		$	2,180,000		2,388		2,385
Micheal W. Dobbs		$	455,000	275%		$	1,251,250		1,368		1,368

Name and Position	Year		Salary			Stock Awards(1)			Non-Equity Incentive Plan Compensation(2)			Change in Pension Value and Nonqualified Deferred Compensation Earnings(3)			All Other Compensation(4)(5)			Total
Tyler Glover President and Chief Executive Officer		2025		$	850,000		$	5,026,856(6)		$	1,150,050		$	10,210		$	35,400		$	7,072,516
		2024		$	850,000		$	4,756,794		$	1,771,181		$	—		$	35,100		$	7,413,075
		2023		$	850,000		$	3,771,255		$	1,412,785		$	40,477		$	34,200		$	6,108,717
Chris Steddum Chief Financial Officer		2025		$	545,000		$	2,459,499(6)		$	670,350		$	6,023		$	21,000		$	3,701,872
		2024		$	525,000		$	2,595,979		$	895,062		$	13,148		$	20,700		$	4,049,889
		2023		$	500,000		$	1,806,913		$	679,950		$	26,724		$	19,800		$	3,033,387
Micheal W. Dobbs Senior Vice President, Secretary and General Counsel		2025		$	455,000		$	1,409,746(6)		$	447,720		$	10,719		$	20,763		$	2,343,948
		2024		$	440,000		$	1,508,069		$	625,123		$	23,226		$	20,700		$	2,617,118
		2023		$	420,000		$	1,166,994		$	475,965		$	31,869		$	19,800		$	2,114,628

			Estimated Future Payouts Under Non-Equity Incentive Plan Awards									Estimated Future Payouts Under Equity Incentive Plan Awards						All Other Stock Awards: Number of Shares of Stock or Units(2)		Grant Date Fair Value of Stock Awards ($)(3)
Name	Award Type	Grant Date	Threshold ($)			Target ($)			Maximum ($)			Threshold (in units)(1)		Target (in units)(1)		Maximum (in units)(1)				Grant Date Fair Value of Stock Awards ($)(3)
Tyler Glover
	Bonus(4)			$	467,500		$	935,000		$	1,870,000
	RTSR PSU	February 15, 2025											610		2,439		4,878				$	1,556,814
	FCF PSU	February 15, 2025											610		2,439		4,878				$	1,238,504
	RSU	February 15, 2025																	4,878		$	2,231,538
Chris Steddum
	Bonus(4)			$	272,500		$	545,000		$	1,090,000
	RTSR PSU	February 15, 2025											299		1,194		2,388				$	762,130
	FCF PSU	February 15, 2025											299		1,194		2,388				$	606,303
	RSU	February 15, 2025																	2,385		$	1,091,066
Micheal W. Dobbs
	Bonus(4)			$	182,000		$	364,000		$	728,000
	RTSR PSU	February 15, 2025											171		684		1,368				$	436,597
	FCF PSU	February 15, 2025											171		684		1,368				$	347,330
	RSU	February 15, 2025																	1,368		$	625,819

	Outstanding Equity Awards at December 31, 2025
	Stock Awards
Name	Award Type	Number of Shares or Units of Stock that have Not Vested (#)(1)		Market Value of Shares or Units of Stock that have Not Vested ($)(2)			Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights that have Not Vested (#)		Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights that have Not Vested ($)(3)
Tyler Glover
	RSU		15,156		$	4,353,106
	RTSR PSU							12,123(4)		$	3,481,968
	FCF PSU							20,684(5)		$	5,940,858
Chris Steddum
	RSU		7,812		$	2,243,763
	RTSR PSU							6,216(4)		$	1,785,360
	FCF PSU							10,703(5)		$	3,074,116
Micheal W. Dobbs
	RSU		4,599		$	1,320,925
	RTSR PSU							3,726(4)		$	1,070,182
	FCF PSU							6,413(5)		$	1,841,942

	February 10, 2026		February 13, 2026		February 15, 2026		February 13, 2027		February 15, 2027		February 15, 2028
Tyler Glover		2,664		3,807		1,626		3,807		1,626		1,626
Chris Steddum		1,269		2,079		795		2,079		795		795
Micheal W. Dobbs		819		1,206		456		1,206		456		456

	Stock Awards Vested During Year Ended December 31, 2025
Name	Award Type	Number of Shares Acquired on Vesting		Value Realized on Vesting(1)
Tyler Glover
	RSU		10,206		$	4,641,963
	RTSR PSU		11,250			5,115,488
	FCF PSU		11,250			5,115,488
			32,706		$	14,872,939
Chris Steddum
	RSU		4,887		$	2,221,833
	RTSR PSU		4,644			2,111,673
	FCF PSU		4,644			2,111,673
			14,175		$	6,445,179
Micheal W. Dobbs
	RSU		2,988		$	1,358,932
	RTSR PSU		2,862			1,301,380
	FCF PSU		2,862			1,301,380
			8,712		$	3,961,692

Name	Benefit	Death/ Disability ($)			Change in Control ($)			Termination without Cause or by NEO for Good Reason within 24 Months of a Change in Control ($)			Termination without Cause or by NEO for Good Reason ($)
Tyler Glover
	Cash severance payment(1)		$	—		$	—		$	6,861,069(2)		$	4,589,344(3)
	Annual incentive plan bonus unpaid at end of year			1,150,050(4)			—			1,150,050(4)			1,150,050(4)
	Continuation of benefits			—			—			53,101(5)			53,101(5)
	Vesting of 2023 RSUs(6)			788,091			—(7)			788,091(7)			788,091
	Vesting of 2023 PSUs			2,353,623(8)			2,222,867(9)			130,757(8)(10)			2,353,623(8)
	Vesting of 2024 RSUs(6)			2,241,485			—(7)			2,241,485(7)			2,241,485
	Vesting of 2024 PSUs			3,359,579(8)			2,053,076(9)			1,306,503(8)(10)			3,359,579(8)
	Vesting of 2025 RSUs(6)			1,411,449			—(7)			1,411,449(7)			1,411,449
	Vesting of 2025 PSUs			1,411,449(8)			392,359(9)			1,019,091(8)(10)			1,411,449
	Other			—			—			60,000(11)			—
	Total		$	12,715,726		$	4,668,302		$	15,021,596		$	17,358,171
Chris Steddum
	Cash severance payment(1)		$	—		$	—		$	3,802,644(2)		$	2,543,575(3)
	Annual incentive plan bonus unpaid at end of year			670,350(4)			—			670,350(4)			670,350(4)
	Continuation of benefits			—			—			53,101(5)			53,101(5)
	Vesting of 2023 RSUs(6)			375,408			—(7)			375,408(7)			375,408

Name	Plan Name	Number of Years Credited Service		Present Value of Accumulated Benefit			Payments During Last Fiscal Year
Tyler Glover	Restated Texas Pacific Land Corporation Employees’ Pension Plan		12.0		$	168,556		$	—
Chris Steddum	Restated Texas Pacific Land Corporation Employees’ Pension Plan		4.5		$	87,714		$	—
Micheal W. Dobbs	Restated Texas Pacific Land Corporation Employees’ Pension Plan		3.0		$	90,099		$	—

Plan	Number of shares of Common Stock issuable upon exercise of outstanding options, warrants and rights		Weighted average exercise price of outstanding options, warrants and rights		Number of shares of Common Stock remaining available for future issuance
Texas Pacific Land Corporation 2021 Incentive Plan approved by stockholders(1)		105,936		—		366,381
Texas Pacific Land Corporation 2021 Director Stock and Deferred Compensation Plan approved by stockholders		—		—		69,093
Equity compensation plans not approved by stockholders		—		—		—

							Average Summary Compensation Table Total for Non-PEO NEOs						Value of Initial Fixed $100 Investment Based on:(4)									Company Selected Performance Measure(5)
Year(1)	Summary Compensation Table Total for PEO			CAP to PEO(2)			Average Summary Compensation Table Total for Non-PEO NEOs			Average CAP to Non-PEO NEOs(3)			Total Shareholder Return			Peer Group Total Shareholder Return			Net Income (in thousands)			Adjusted EBITDA (in thousands)
2025		$	7,072,516		$	3,836,248		$	3,022,910		$	1,526,279		$	316		$	213		$	481,376		$	687,369
2024		$	7,413,075		$	25,838,742		$	3,333,504		$	10,541,305		$	403		$	217		$	453,960		$	610,731
2023		$	6,108,717		$	1,447,226		$	2,574,008		$	919,568		$	187		$	220		$	405,645		$	541,442
2022		$	6,285,419		$	12,407,635		$	2,360,296		$	4,614,097		$	277		$	212		$	446,362		$	591,814
2021		$	4,969,831		$	5,004,081		$	1,498,091		$	1,529,156		$	145		$	146		$	269,980		$	387,980

Name	Fees Earned or Paid in Cash(1)			Stock Awards(2)			Total
Rhys J. Best		$	235,000		$	145,987		$	380,987
Donald G. Cook		$	135,000		$	145,987		$	280,987
Barbara J. Duganier		$	145,000		$	145,987		$	290,987
Donna E. Epps		$	140,000		$	145,987		$	285,987
Karl F. Kurz		$	130,000		$	145,987		$	275,987
Eric L. Oliver(3)		$	97,624		$	145,987		$	243,611
Robert Roosa		$	135,000		$	145,987		$	280,987
Murray Stahl(4)		$	125,000		$	145,987		$	270,987
Marguerite Woung-Chapman		$	125,000		$	145,987		$	270,987