Texas Pacific Land Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Share-Based Compensation - Performance Share Units (Details)

v3.25.1

Share-Based Compensation - Performance Share Units (Details) - Performance Shares - $ / shares		3 Months Ended
	Feb. 15, 2025	Mar. 31, 2025	Dec. 31, 2024
Number of RSAs
Nonvested, beginning of period (in shares)		21,078
Granted (in shares)	3,848	3,848
Vested (in shares)		(7,182)
Cancelled and forfeited (in shares)		0
Nonvested, at end of period (in shares)		17,744
Weighted-Average Grant-Date Fair Value per Share
Non-vested, beginning of period (in dollars per share)		$ 854	$ 573
Granted (in dollars per share)		1,644
Vested (in dollars per share)		452
Cancelled and forfeited (in dollars per share)		0
Non-vested, at end of period (in dollars per share)		$ 854
Award vesting rights, percentage	100.00%
Relative total stockholder return
Number of RSAs
Granted (in shares)	1,924
Weighted-Average Grant-Date Fair Value per Share
Non-vested, beginning of period (in dollars per share)	$ 1,915
Non-vested, at end of period (in dollars per share)	$ 1,915
Free cash flow
Number of RSAs
Granted (in shares)	1,924
Weighted-Average Grant-Date Fair Value per Share
Non-vested, beginning of period (in dollars per share)	$ 1,372
Non-vested, at end of period (in dollars per share)	$ 1,372

- Definition

The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.

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Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.

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The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

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The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

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- Definition

The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.

+ References

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Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options.

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The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.

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Percentage of vesting of award under share-based payment arrangement.

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