Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Tyler Glover | $850,000 | $0 | $4,756,794 | $0 | $1,771,181 | $0 | $35,100 | $7,413,075 |
| President and Chief Executive Officer | ||||||||
| Chris Steddum | 525,000 | 0 | 2,595,979 | — | 895,062 | 13,148 | 20,700 | 4,049,889 |
| Chief Financial Officer | ||||||||
| Micheal Dobbs | 440,000 | 0 | 1,508,069 | — | 625,123 | 23,226 | 20,700 | 2,617,118 |
| Senior Vice President, Secretary and General Counsel | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Tyler Glover | $7,413,075 | $6,108,717 | $6,285,419 | +1,304,358 |
| Chris Steddum | 4,049,889 | 3,033,387 | 2,796,223 | +1,016,502 |
| Micheal Dobbs | 2,617,118 | 2,114,628 | 1,924,369 | +502,490 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Chris Steddum | PSU | 2024-02-13 | 260 | 1,038 | 1,038 | 2,076 | $985,789 |
| Micheal Dobbs | RSU | 2024-02-13 | — | — | 1,206 | — | — |
| Chris Steddum | RSU | 2024-02-13 | — | — | 2,076 | — | — |
| Micheal Dobbs | PSU | 2024-02-13 | 151 | 603 | 603 | 1,206 | 572,669 |
| Tyler Glover | PSU | 2024-02-13 | 476 | 1,902 | 1,902 | 3,804 | 1,144,135 |
| Tyler Glover | PSU | 2024-02-13 | 476 | 1,902 | 1,902 | 3,804 | 1,806,329 |
| Chris Steddum | PSU | 2024-02-13 | 260 | 1,038 | 1,038 | 2,076 | 624,402 |
| Micheal Dobbs | PSU | 2024-02-13 | 151 | 603 | 603 | 1,206 | 362,731 |
| Tyler Glover | RSU | 2024-02-13 | — | — | 3,804 | — | — |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Chris Steddum | $0 | $1,610,191 | $0 | 100.0% |
| Micheal Dobbs | 0 | 935,400 | 0 | 100.0% |
| Tyler Glover | 0 | 2,950,464 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Micheal Dobbs | RSU | 2,073 | — | $2,292,655 |
| Chris Steddum | RSU | 3,438 | — | 3,802,290 |
| Tyler Glover | RSU | 6,828 | — | 7,551,495 |
TPL's 2024 executive compensation program was designed to recruit and retain an executive team and to reward performance in achieving TPL's goal of creating stockholder value.
| CEO STI target (% of salary) | 110% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Ratio (CEO : median employee) | 46 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | $162,405 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Donna E. EppsIndependent · Lead Independent Director · Audit (Chair) · Nominating/Governance | $237,500 | $100,000 | $0 | $0 | $0 | $337,500 |
| Rhys J. BestIndependent · Board Chair · Audit (Chair) · Compensation · Nominating/Governance | 225,000 | 100,000 | 0 | 0 | 0 | 325,000 |
| Barbara J. DuganierIndependent · Audit · Compensation (Chair) · Strategic Acquisitions | 112,500 | 100,000 | 0 | 0 | 0 | 212,500 |
| Karl F. KurzIndependent · Compensation · Strategic Acquisitions (Chair) | 112,500 | 100,000 | 0 | 0 | 0 | 212,500 |
| Robert RoosaIndependent · Audit · Compensation · Strategic Acquisitions | 110,000 | 100,000 | 0 | 0 | 0 | 210,000 |
| Marguerite Woung-ChapmanIndependent · Audit · Nominating/Governance | 107,500 | 100,000 | 0 | 0 | 0 | 207,500 |
| General Donald G. Cook, USAF (Ret.)Independent · Compensation · Nominating/Governance (Chair) | 107,500 | 100,000 | 0 | 0 | 0 | 207,500 |
| Eric L. OliverIndependent · Audit · Not standing for re-election | 105,000 | 100,000 | 0 | 0 | 0 | 205,000 |
| Murray StahlIndependent · Nominating/Governance · Strategic Acquisitions | 104,500 | 100,000 | 0 | 0 | 0 | 204,500 |
| Tyler GloverEmployee director | 0 | 0 | 0 | 0 | 0 | 0 |
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | $2,500 |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 5,000 / 5,000 |
| Stock ownership guideline | $100,000 |
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $1,222,000 |
| Equity awards (grant-date value) | $900,000 |
| All other compensation | $0 |
| Total cost of the board | $2,122,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Texas Pacific Land names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Texas Pacific Land.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Permian Resources | 2025 | William Hickey III | $0 | $11,432,842 | $0 | $0 | $11,432,842 |
| 2 | DT Midstream, Inc. | 2025 | David Slater | 852,203 | 6,282,371 | 0 | 1,839,938 | 9,328,071 |
| 3 | Matador Resources Co | 2024 | Joseph Foran | 1,500,000 | 3,010,300 | 0 | 3,900,000 | 8,437,049 |
| 4 | Range Resources Corp | 2025 | Dennis Degner | 932,500 | 6,143,877 | 0 | 1,128,000 | 8,375,421 |
| 5 | Texas Pacific Land | 2024 | Tyler Glover | 850,000 | 4,756,794 | 0 | 1,771,181 | 7,413,075 |
| 6 | Northern Oil & Gas, Inc. | 2025 | Nicholas O'Grady | 925,000 | 2,815,683 | 0 | 1,638,564 | 5,602,413 |
| 7 | Black Stone Minerals, L.P. | 2025 | Thomas Carter | 485,034 | 3,767,249 | 0 | 517,895 | 4,787,678 |
| 8 | SM Energy Co | 2025 | Elizabeth McDonald | 576,369 | 2,299,995 | 0 | 536,024 | 4,475,172 |
| — | Kimbell Royalty Partners | — | — | — | — | — | — | not in coverage universe |
| — | Aris Water Solutions | — | — | — | — | — | — | not in coverage universe |
| — | Western Midstream Partners, L.P. | — | — | — | — | — | — | not in coverage universe |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Texas Pacific Land | 189.4% | PSU 50 · RSU 50 | Yes — Relative Total Stockholder Return (RTSR) against the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) Index | Meridian Compensation Partners |
| Aris Water Solutions | not disclosed | not disclosed | not disclosed | not disclosed |
| Black Stone Minerals, L.P. | 88.98% | PSU 50 · RSU 50 | No | FW Cook |
| DT Midstream, Inc. | 152.62% | PSU 70 · RSU 30 | No | Meridian Compensation Partners LLC |
| Kimbell Royalty Partners | not disclosed | not disclosed | not disclosed | not disclosed |
| Matador Resources Co | 260% | PSU 50 · Cash LTI 50 | No | Meridian Compensation Partners, LLC |
| Northern Oil & Gas, Inc. | 136.5% | MSU 88 · RSU 12 | Yes — 3-Year Absolute TSR | Willis Towers Watson |
| Permian Resources | 150% | PSU 100 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Range Resources Corp | 101% | PSU 60 · RSU 40 | Yes — Total Stockholder Return (TSR) | Meridian Compensation Partners, LLC |
| SM Energy Co | 93% | PSU 60 · RSU 40 | Yes — Absolute TSR | Frederic W. Cook & Co., Inc. |
| Western Midstream Partners, L.P. | not disclosed | not disclosed | not disclosed | not disclosed |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Tyler Glover | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Summary Compensation Table” · page 52. As printed: 7,413,075. Filing ↗machine: r1 · c41 · span 922743–922752 |
| 2 | Section 01, Chris Steddum | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Summary Compensation Table”. As printed: 4,049,889. Filing ↗machine: t99 · r4 · c42 · span 940181–940190 |
| 3 | Section 01, Micheal Dobbs | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Summary Compensation Table”. As printed: 2,617,118. Filing ↗machine: t99 · r7 · c42 · span 957685–957694 |
| 4 | Section 03, Chris Steddum PSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r2 · c24 · span 868490–868495 |
| 5 | Section 03, Micheal Dobbs RSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r3 · c24 · span 872716–872721 |
| 6 | Section 03, Chris Steddum RSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r2 · c24 · span 868490–868495 |
| 7 | Section 03, Micheal Dobbs PSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r3 · c24 · span 872716–872721 |
| 8 | Section 03, Tyler Glover PSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r1 · c24 · span 864292–864297 |
| 9 | Section 03, Tyler Glover PSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r1 · c24 · span 864292–864297 |
| 10 | Section 03, Chris Steddum PSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r2 · c24 · span 868490–868495 |
| 11 | Section 03, Micheal Dobbs PSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r3 · c24 · span 872716–872721 |
| 12 | Section 03, Tyler Glover RSU | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Grants Of Plan Based Awards” · grants of plan-based awards table. Filing ↗machine: t94 · r1 · c24 · span 864292–864297 |
| 13 | Section 07, pay ratio | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “CEO Pay Ratio”. As printed: 46 : 1. Filing ↗machine: span 370536–370538 |
| 14 | Section 08, Donna E. Epps | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 337,500. Filing ↗ |
| 15 | Section 08, Rhys J. Best | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 325,000. Filing ↗ |
| 16 | Section 08, Barbara J. Duganier | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 212,500. Filing ↗ |
| 17 | Section 08, Karl F. Kurz | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 212,500. Filing ↗ |
| 18 | Section 08, Robert Roosa | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 210,000. Filing ↗ |
| 19 | Section 08, Marguerite Woung-Chapman | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 207,500. Filing ↗ |
| 20 | Section 08, General Donald G. Cook, USAF (Ret.) | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 207,500. Filing ↗ |
| 21 | Section 08, Eric L. Oliver | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 205,000. Filing ↗ |
| 22 | Section 08, Murray Stahl | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 204,500. Filing ↗ |
| 23 | Section 08, Tyler Glover | DEF 14A | 2025-09-26 | 0001104659-25-093848 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 24 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 25 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 26 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,222,000 + equity 900,000 + all other 0 = 2,122,000, summed across the director compensation table rows.machine: formula: Σ = 2,122,000 |
| 27 | Permian Resources, Section 10b CEO total | DEF 14A | 2026-04-06 | 0001658566-26-000062 | CEO total compensation as printed in Permian Resources's own proxy. As printed: 11,432,842. Filing ↗machine: t148 · r2 · c4 · span 951392–951402 |
| 28 | DT Midstream, Inc., Section 10b CEO total | DEF 14A | 2026-03-26 | 0001140361-26-011280 | CEO total compensation as printed in DT Midstream, Inc.'s own proxy. As printed: 9,328,071. Filing ↗machine: t213 · r2 · c19 · span 834643–834652 |
| 29 | Matador Resources Co, Section 10b CEO total | DEF 14A | 2025-04-28 | 0001520006-25-000125 | CEO total compensation as printed in Matador Resources Co's own proxy. As printed: 8,437,049. Filing ↗machine: r2 · c6 · span 2079441–2079451 |
| 30 | Range Resources Corp, Section 10b CEO total | DEF 14A | 2026-03-31 | 0001193125-26-134699 | CEO total compensation as printed in Range Resources Corp's own proxy. As printed: 8,375,421. Filing ↗machine: span 2305762–2305771 |
| 31 | Texas Pacific Land (subject), Section 10b CEO total | DEF 14A | 2025-09-26 | 0001104659-25-093848 | CEO total compensation as printed in Texas Pacific Land's own proxy. As printed: 7,413,075. Filing ↗machine: r1 · c41 · span 922743–922752 |
| 32 | Northern Oil & Gas, Inc., Section 10b CEO total | DEF 14A | 2026-04-10 | 0001104485-26-000013 | CEO total compensation as printed in Northern Oil & Gas, Inc.'s own proxy. As printed: 5,602,413. Filing ↗machine: t117 · r4 · c12 · span 550610–550619 |
| 33 | Black Stone Minerals, L.P., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001193125-26-197340 | CEO total compensation as printed in Black Stone Minerals, L.P.'s own proxy. As printed: 4,787,678. Filing ↗machine: t98 · r2 · c34 · span 390210–390219 |
| 34 | SM Energy Co, Section 10b CEO total | DEF 14A | 2026-04-08 | 0000893538-26-000048 | CEO total compensation as printed in SM Energy Co's own proxy. As printed: 4,475,172. Filing ↗machine: span 673171–673180 |
| 35 | Section 10a, Permian Resources reciprocity | DEF 14A | — | 0001658566-26-000062 | Permian Resources's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 36 | Section 10a, DT Midstream, Inc. reciprocity | DEF 14A | — | 0001140361-26-011280 | DT Midstream, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 37 | Section 10a, Matador Resources Co reciprocity | DEF 14A | — | 0001520006-26-000013 | Matador Resources Co's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 38 | Section 10a, Range Resources Corp reciprocity | DEF 14A | — | 0001193125-26-134699 | Range Resources Corp's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 39 | Section 10a, SM Energy Co reciprocity | DEF 14A | — | 0000893538-26-000048 | SM Energy Co's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 40 | Section 10a, Black Stone Minerals, L.P. reciprocity | DEF 14A | — | 0001193125-26-197340 | Black Stone Minerals, L.P.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 41 | Section 10a, Northern Oil & Gas, Inc. reciprocity | DEF 14A | — | 0001104485-26-000013 | Northern Oil & Gas, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |