CEO Tyler Glover was paid $7,072,516 in fiscal year 2025, ↓ down 4.6% from fiscal year 2024, the 36th percentile of its disclosed peer group (SEC filing 0001104659-26-110963 ↗): 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.
$7,072,516 ↓ Tyler Glover total, FY2025 | 36th CEO pay percentile vs peers | 34:1 CEO-to-median pay ratio | 86.56% Say-on-pay support, latest vote |
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TPL's next annual pay disclosure, estimated September 25, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Tyler Glover | $850,000 | $0 | $5,026,856 | $0 | $1,150,050 | $10,210 | $35,400 | $7,072,516 |
| President and Chief Executive Officer | ||||||||
| Chris Steddum | 545,000 | 0 | 2,459,499 | 0 | 670,350 | 6,023 | 21,000 | 3,701,872 |
| Chief Financial Officer | ||||||||
| Micheal Dobbs | 455,000 | 0 | 1,409,746 | 0 | 447,720 | 10,719 | 20,763 | 2,343,948 |
| 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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Tyler Glover | $7,072,516 | $7,413,075 | $6,108,717 | ↓ −340,559 |
| Chris Steddum | 3,701,872 | 4,049,889 | 3,033,387 | ↓ −348,017 |
| Micheal Dobbs | 2,343,948 | 2,617,118 | 2,114,628 | ↓ −273,170 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses TPL in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TPL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2025 total |
|---|---|---|
| Chris Steddum | CFO | $3,701,872 |
| Micheal Dobbs | General Counsel | $2,343,948 |
| Tyler Glover | CEO | $7,072,516 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Barbara J. Duganier | Independent Director | — |
| Donna E. Epps | Lead Independent Director | — |
| Eric L. Oliver | Independent Director | — |
| General Donald G. Cook, USAF (Ret.) | Independent Director | — |
| Karl F. Kurz | Independent Director | — |
| Marguerite Woung-Chapman | Independent Director | — |
| Murray Stahl | Independent Director | — |
| Rhys J. Best | Chair of the Board | — |
| Robert Roosa | Independent Director | — |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Micheal Dobbs | PSU | 2025-02-15 | 171 | 684 | — | 1,368 | $436,597 |
| Micheal Dobbs | RSU | 2025-02-15 | — | — | 1,368 | — | 625,819 |
| Micheal Dobbs | PSU | 2025-02-15 | 171 | 684 | — | 1,368 | 347,330 |
| Tyler Glover | RSU | 2025-02-15 | — | — | 4,878 | — | 2,231,538 |
| Tyler Glover | PSU | 2025-02-15 | 610 | 2,439 | — | 4,878 | 1,556,814 |
| Tyler Glover | PSU | 2025-02-15 | 610 | 2,439 | — | 4,878 | 1,238,504 |
| Chris Steddum | PSU | 2025-02-15 | 299 | 1,194 | — | 2,388 | 606,303 |
| Chris Steddum | PSU | 2025-02-15 | 299 | 1,194 | — | 2,388 | 762,130 |
| Chris Steddum | RSU | 2025-02-15 | — | — | 2,385 | — | 1,091,066 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Micheal Dobbs | $625,819 | $783,927 | $0 | 55.6% |
| Tyler Glover | 2,231,538 | 2,795,318 | 0 | 55.6% |
| Chris Steddum | 1,091,066 | 1,368,433 | 0 | 55.6% |
% 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 |
|---|---|---|---|---|
| Tyler Glover | PSU | 12,123 | — | $3,481,968 |
| Chris Steddum | RSU | 7,812 | — | 2,243,763 |
| Tyler Glover | RSU | 15,156 | — | 4,353,106 |
| Chris Steddum | PSU | 6,216 | — | 1,785,360 |
| Micheal Dobbs | RSU | 4,599 | — | 1,320,925 |
| Micheal Dobbs | PSU | 3,726 | — | 1,070,182 |
TPL’s 2025 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 | False |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-11-06 | 12,114,623 | 1,880,392 | 158,547 | 86.56% | Passed |
| 2024 | 2024-11-08 | 12,512,329 | 1,694,784 | 146,468 | 87.17% | Passed |
| 2023 | 2023-11-10 | 3,735,523 | 841,685 | 56,099 | 81.61% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2025 | 2025-11-06 | 86.56%a |
| 2024 | 2024-11-08 | 87.17%b |
| 2023 | 2023-11-10 | 81.61%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “If your shares are represented at the Annual Meeting but you "ABSTAIN" from voting on Proposal 2, the abstention will have the same effect as a vote against the proposal.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes (if any) will have no effect on the outcome of this proposal.”.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 34 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | $210,079 |
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
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 | Ovintiv, Inc. | 2025 | Brendan McCracken | $1,185,000 | $9,900,005 | $0 | $2,136,750 | $13,693,140 |
| 2 | Permian Resources Corp | 2025 | James Walter | 0 | 11,432,842 | 0 | 0 | 11,432,842 |
| 3 | Matador Resources Co | 2025 | Joseph Foran | 1,800,000 | 4,222,400 | 0 | 3,726,000 | 9,775,611 |
| 4 | DT Midstream, Inc. | 2025 | David Slater | 852,203 | 6,282,371 | 0 | 1,839,938 | 9,328,071 |
| 5 | Aris Water Solutions, Inc. | 2024 | Amanda Brock | 732,308 | 6,432,567 | 0 | 2,047,576 | 9,233,151 |
| 6 | Civitas Resources, Inc. | 2024 | M. Christopher Doyle | 1,431,150 | 6,933,919 | 0 | 0 | 8,385,769 |
| 7 | Range Resources Corp | 2025 | Dennis Degner | 932,500 | 6,143,877 | 0 | 1,128,000 | 8,375,421 |
| 8 | Texas Pacific Land | 2025 | Tyler Glover | 850,000 | 5,026,856 | 0 | 1,150,050 | 7,072,516 |
| 9 | Kinetik Holdings, Inc. | 2025 | Jamie Welch | 276,923 | 5,140,841 | 0 | 487,500 | 6,156,243 |
| 10 | Northern Oil & Gas, Inc. | 2025 | Nicholas O'Grady | 925,000 | 2,815,683 | 0 | 1,638,564 | 5,602,413 |
| 11 | Select Water Solutions, Inc. | 2025 | John Schmitz | 800,000 | 3,245,526 | 0 | 681,352 | 4,876,029 |
| 12 | SM Energy Co | 2025 | Elizabeth McDonald | 576,369 | 2,299,995 | 0 | 536,024 | 4,475,172 |
| — | Sitio Royalties Corp | — | — | — | — | — | — | 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 | 123% | 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, Inc. | not disclosed | not disclosed | not disclosed | Compensation Advisory Partners, LLC and Pay Governance, LLC |
| Civitas Resources, Inc. | not disclosed | PSU 70 · RSU 30 | Yes — Absolute TSR | Meridian Compensation Partners, LLC |
| DT Midstream, Inc. | 152.62% | PSU 70 · RSU 30 | No | Meridian Compensation Partners LLC |
| Kinetik Holdings, Inc. | 65% | PSU 50 · RSU 50 | Yes — Annualized TSR | Meridian Compensation Partners |
| Matador Resources Co | not disclosed | Cash LTI 50 · PSU 50 | No | Meridian Compensation Partners, LLC |
| Northern Oil & Gas, Inc. | 136.5% | MSU 88 · RSU 12 | Yes — 3-Year Absolute TSR | Willis Towers Watson |
| Ovintiv, Inc. | 140% | RSU 50 · PSU 50 | Yes — Relative TSR | FW Cook |
| Permian Resources Corp | 150% | PSU 100 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Range Resources Corp | not disclosed | PSU 60 · RSU 40 | Yes — Total Stockholder Return (TSR) | Meridian Compensation Partners, LLC |
| Select Water Solutions, Inc. | 88.1% | RSU 50 · PSU 50 | Yes — Relative Total Shareholder Return (TSR) | Meridian Compensation Partners |
| Sitio Royalties Corp | not disclosed | not disclosed | not disclosed | not disclosed |
| SM Energy Co | 93% | PSU 60 · RSU 40 | Yes — Absolute TSR | Frederic W. Cook & Co., Inc. |
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.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
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 | 2026-09-25 | 0001104659-26-110963 | Section “Summary Compensation Table”. As printed: 7,072,516. Filing ↗machine: span 1304052–1304061 |
| 2 | Section 01, Chris Steddum | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Summary Compensation Table”. As printed: 3,701,872. Filing ↗machine: span 1321438–1321447 |
| 3 | Section 01, Micheal Dobbs | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Summary Compensation Table”. As printed: 2,343,948. Filing ↗machine: span 1338890–1338899 |
| 4 | Section 03, Micheal Dobbs PSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗ |
| 5 | Section 03, Micheal Dobbs RSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1476336–1476343 |
| 6 | Section 03, Micheal Dobbs PSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1469012–1469019 |
| 7 | Section 03, Tyler Glover RSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1403814–1403823 |
| 8 | Section 03, Tyler Glover PSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1388995–1389004 |
| 9 | Section 03, Tyler Glover PSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1396360–1396369 |
| 10 | Section 03, Chris Steddum PSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1432705–1432712 |
| 11 | Section 03, Chris Steddum PSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗ |
| 12 | Section 03, Chris Steddum RSU | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1440132–1440141 |
| 13 | Section 07, pay ratio | DEF 14A | 2026-09-25 | 0001104659-26-110963 | Section “CEO Pay Ratio”. As printed: 34 : 1. Filing ↗ |
| 14 | Section 06, 2025 vote | Form 8-K | 2025-11-12 | 0001104659-25-110352 | Item 5.07 · say-on-pay result. As reported: 86.56% (votes for as printed: 12,114,623). Filing ↗ |
| 15 | Section 06, 2024 vote | Form 8-K | 2024-11-12 | 0001104659-24-116887 | Item 5.07 · say-on-pay result. As reported: 87.17% (votes for as printed: 12,512,329). Filing ↗ |
| 16 | Section 06, 2023 vote | Form 8-K | 2023-11-13 | 0001104659-23-117340 | Item 5.07 · say-on-pay result. As reported: 81.61% (votes for as printed: 3,735,523). Filing ↗ |
| 17 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 18 | Section 03b vehicle mix (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 |
| 19 | Ovintiv, Inc., Section 10b CEO total | DEF 14A | 2026-03-25 | 0001193125-26-124351 | CEO total compensation as printed in Ovintiv, Inc.'s own proxy. As printed: 13,693,140. Filing ↗machine: r3 · c31 · span 1274573–1274583 |
| 20 | Permian Resources Corp, Section 10b CEO total | DEF 14A | 2026-04-06 | 0001658566-26-000062 | CEO total compensation as printed in Permian Resources Corp's own proxy. As printed: 11,432,842. Filing ↗machine: t148 · r5 · c4 · span 957173–957183 |
| 21 | Matador Resources Co, Section 10b CEO total | DEF 14A | 2026-04-29 | 0001520006-26-000013 | CEO total compensation as printed in Matador Resources Co's own proxy. As printed: 9,775,611. Filing ↗machine: r2 · c6 · span 1657541–1657551 |
| 22 | 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 |
| 23 | Aris Water Solutions, Inc., Section 10b CEO total | DEF 14A | 2025-04-09 | 0001193125-25-076892 | CEO total compensation as printed in Aris Water Solutions, Inc.'s own proxy. As printed: 9,233,151. Filing ↗machine: r5 · c26 · span 289536–289545 |
| 24 | Civitas Resources, Inc., Section 10b CEO total | DEF 14A | 2025-04-21 | 0001558370-25-005077 | CEO total compensation as printed in Civitas Resources, Inc.'s own proxy. As printed: 8,385,769. Filing ↗ |
| 25 | 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 |
| 26 | Texas Pacific Land (subject), Section 10b CEO total | DEF 14A | 2026-09-25 | 0001104659-26-110963 | CEO total compensation as printed in Texas Pacific Land's own proxy. As printed: 7,072,516. Filing ↗machine: span 1304052–1304061 |
| 27 | Kinetik Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-08 | 0001692787-26-000086 | CEO total compensation as printed in Kinetik Holdings, Inc.'s own proxy. As printed: 6,156,243. Filing ↗machine: r4 · c21 · span 711505–711514 |
| 28 | 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 |
| 29 | Select Water Solutions, Inc., Section 10b CEO total | DEF 14A | 2026-03-24 | 0001104659-26-033864 | CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. Filing ↗machine: span 1041295–1041304 |
| 30 | 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 |
| 31 | 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 ↗ |
| 32 | Section 10a, Civitas Resources, Inc. reciprocity | DEF 14A | — | 0001558370-25-005077 | Civitas Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 33 | 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 ↗ |
| 34 | Section 10a, Aris Water Solutions, Inc. reciprocity | DEF 14A | — | 0001193125-25-076892 | Aris Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 35 | Section 10a, Kinetik Holdings, Inc. reciprocity | DEF 14A | — | 0001692787-26-000086 | Kinetik Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 36 | 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 ↗ |
| 37 | Section 10a, Select Water Solutions, Inc. reciprocity | DEF 14A | — | 0001104659-26-033864 | Select Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 38 | 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 ↗ |
| 39 | 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 ↗ |
| 40 | Section 10a, Permian Resources Corp reciprocity | DEF 14A | — | 0001658566-26-000062 | Permian Resources Corp's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
| 41 | Section 10a, Ovintiv, Inc. reciprocity | DEF 14A | — | 0001193125-26-124351 | Ovintiv, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗ |
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