Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-25

Texas Pacific Land (TPL)

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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Sample answer — “What is the CEO’s total compensation?”
- Tyler Glover (President and Chief Executive Officer), FY2025 total compensation $7,072,516 (base salary $850,000) [exec_comp, SEC accession 0001104659-26-110963, filed 2026-09-25]

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TPL's next annual pay disclosure, estimated September 25, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
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 Steddum545,00002,459,4990670,3506,02321,0003,701,872
Chief Financial Officer
Micheal Dobbs455,00001,409,7460447,72010,71920,7632,343,948
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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Tyler Glover$7,072,516$7,413,075$6,108,717↓ −340,559
Chris Steddum3,701,8724,049,8893,033,387↓ −348,017
Micheal Dobbs2,343,9482,617,1182,114,628↓ −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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Companies that benchmark against TPL
1 company names TPL as a compensation peer

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.

01b

Executives — the named officers

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.

ExecutiveRoleFY2025 total
Chris SteddumCFO$3,701,872
Micheal DobbsGeneral Counsel$2,343,948
Tyler GloverCEO$7,072,516
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Barbara J. DuganierIndependent Director—
Donna E. EppsLead Independent Director—
Eric L. OliverIndependent Director—
General Donald G. Cook, USAF (Ret.)Independent Director—
Karl F. KurzIndependent Director—
Marguerite Woung-ChapmanIndependent Director—
Murray StahlIndependent Director—
Rhys J. BestChair of the Board—
Robert RoosaIndependent Director—
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Micheal DobbsPSU2025-02-15171684—1,368$436,597
Micheal DobbsRSU2025-02-15——1,368—625,819
Micheal DobbsPSU2025-02-15171684—1,368347,330
Tyler GloverRSU2025-02-15——4,878—2,231,538
Tyler GloverPSU2025-02-156102,439—4,8781,556,814
Tyler GloverPSU2025-02-156102,439—4,8781,238,504
Chris SteddumPSU2025-02-152991,194—2,388606,303
Chris SteddumPSU2025-02-152991,194—2,388762,130
Chris SteddumRSU2025-02-15——2,385—1,091,066
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Micheal Dobbs$625,819$783,927$055.6%
Tyler Glover2,231,5382,795,318055.6%
Chris Steddum1,091,0661,368,433055.6%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Tyler GloverPSU12,123—$3,481,968
Chris SteddumRSU7,812—2,243,763
Tyler GloverRSU15,156—4,353,106
Chris SteddumPSU6,216—1,785,360
Micheal DobbsRSU4,599—1,320,925
Micheal DobbsPSU3,726—1,070,182
05

Incentive-plan design — the Compensation Discussion & Analysis

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 consultantMeridian Compensation Partners
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-0612,114,6231,880,392158,54786.56%Passed
20242024-11-0812,512,3291,694,784146,46887.17%Passed
20232023-11-103,735,523841,68556,09981.61%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-11-0686.56%a
20242024-11-0887.17%b
20232023-11-1081.61%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.

07

CEO pay ratio

Ratio (CEO : median employee)34 : 1
CEO total compensation—
Median employee compensation$210,079
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

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.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Ovintiv, Inc.2025Brendan McCracken$1,185,000$9,900,005$0$2,136,750$13,693,140
2Permian Resources Corp2025James Walter011,432,8420011,432,842
3Matador Resources Co2025Joseph Foran1,800,0004,222,40003,726,0009,775,611
4DT Midstream, Inc.2025David Slater852,2036,282,37101,839,9389,328,071
5Aris Water Solutions, Inc.2024Amanda Brock732,3086,432,56702,047,5769,233,151
6Civitas Resources, Inc.2024M. Christopher Doyle1,431,1506,933,919008,385,769
7Range Resources Corp2025Dennis Degner932,5006,143,87701,128,0008,375,421
8Texas Pacific Land2025Tyler Glover850,0005,026,85601,150,0507,072,516
9Kinetik Holdings, Inc.2025Jamie Welch276,9235,140,8410487,5006,156,243
10Northern Oil & Gas, Inc.2025Nicholas O'Grady925,0002,815,68301,638,5645,602,413
11Select Water Solutions, Inc.2025John Schmitz800,0003,245,5260681,3524,876,029
12SM Energy Co2025Elizabeth McDonald576,3692,299,9950536,0244,475,172
—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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Texas Pacific Land123%PSU 50 · RSU 50Yes — Relative Total Stockholder Return (RTSR) against the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) IndexMeridian Compensation Partners
Aris Water Solutions, Inc.not disclosednot disclosednot disclosedCompensation Advisory Partners, LLC and Pay Governance, LLC
Civitas Resources, Inc.not disclosedPSU 70 · RSU 30Yes — Absolute TSRMeridian Compensation Partners, LLC
DT Midstream, Inc.152.62%PSU 70 · RSU 30NoMeridian Compensation Partners LLC
Kinetik Holdings, Inc.65%PSU 50 · RSU 50Yes — Annualized TSRMeridian Compensation Partners
Matador Resources Conot disclosedCash LTI 50 · PSU 50NoMeridian Compensation Partners, LLC
Northern Oil & Gas, Inc.136.5%MSU 88 · RSU 12Yes — 3-Year Absolute TSRWillis Towers Watson
Ovintiv, Inc.140%RSU 50 · PSU 50Yes — Relative TSRFW Cook
Permian Resources Corp150%PSU 100Yes — Relative TSRMeridian Compensation Partners, LLC
Range Resources Corpnot disclosedPSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
Select Water Solutions, Inc.88.1%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (TSR)Meridian Compensation Partners
Sitio Royalties Corpnot disclosednot disclosednot disclosednot disclosed
SM Energy Co93%PSU 60 · RSU 40Yes — Absolute TSRFrederic 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.

10d

Frequently asked questions

Who was the highest-paid executive at Texas Pacific Land in fiscal 2025?
As disclosed, Tyler Glover (President and Chief Executive Officer) was the highest-paid executive at Texas Pacific Land in fiscal 2025, with total compensation of $7,072,516.
How does Texas Pacific Land's chief executive pay compare to its disclosed peer group?
As disclosed, Tyler Glover's total compensation ranked at the 36th percentile of Texas Pacific Land's disclosed peer group.
What is Texas Pacific Land's CEO-to-median employee pay ratio?
As disclosed, Texas Pacific Land's CEO-to-median employee pay ratio was 34:1.
How did shareholders vote on Texas Pacific Land's executive compensation?
As disclosed, 86.56% of shareholders supported Texas Pacific Land's executive compensation in the latest say-on-pay vote.

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Tyler GloverDEF 14A2026-09-250001104659-26-110963Section “Summary Compensation Table”. As printed: 7,072,516. Filing ↗machine: span 1304052–1304061
2Section 01, Chris SteddumDEF 14A2026-09-250001104659-26-110963Section “Summary Compensation Table”. As printed: 3,701,872. Filing ↗machine: span 1321438–1321447
3Section 01, Micheal DobbsDEF 14A2026-09-250001104659-26-110963Section “Summary Compensation Table”. As printed: 2,343,948. Filing ↗machine: span 1338890–1338899
4Section 03, Micheal Dobbs PSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗
5Section 03, Micheal Dobbs RSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1476336–1476343
6Section 03, Micheal Dobbs PSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1469012–1469019
7Section 03, Tyler Glover RSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1403814–1403823
8Section 03, Tyler Glover PSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1388995–1389004
9Section 03, Tyler Glover PSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1396360–1396369
10Section 03, Chris Steddum PSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1432705–1432712
11Section 03, Chris Steddum PSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗
12Section 03, Chris Steddum RSUDEF 14A2026-09-250001104659-26-110963Section “Grants Of Plan Based Awards During 2025” · grants of plan-based awards table. Filing ↗machine: span 1440132–1440141
13Section 07, pay ratioDEF 14A2026-09-250001104659-26-110963Section “CEO Pay Ratio”. As printed: 34 : 1. Filing ↗
14Section 06, 2025 voteForm 8-K2025-11-120001104659-25-110352Item 5.07 · say-on-pay result. As reported: 86.56% (votes for as printed: 12,114,623). Filing ↗
15Section 06, 2024 voteForm 8-K2024-11-120001104659-24-116887Item 5.07 · say-on-pay result. As reported: 87.17% (votes for as printed: 12,512,329). Filing ↗
16Section 06, 2023 voteForm 8-K2023-11-130001104659-23-117340Item 5.07 · say-on-pay result. As reported: 81.61% (votes for as printed: 3,735,523). Filing ↗
17Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
18Section 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
19Ovintiv, Inc., Section 10b CEO totalDEF 14A2026-03-250001193125-26-124351CEO total compensation as printed in Ovintiv, Inc.'s own proxy. As printed: 13,693,140. Filing ↗machine: r3 · c31 · span 1274573–1274583
20Permian Resources Corp, Section 10b CEO totalDEF 14A2026-04-060001658566-26-000062CEO total compensation as printed in Permian Resources Corp's own proxy. As printed: 11,432,842. Filing ↗machine: t148 · r5 · c4 · span 957173–957183
21Matador Resources Co, Section 10b CEO totalDEF 14A2026-04-290001520006-26-000013CEO total compensation as printed in Matador Resources Co's own proxy. As printed: 9,775,611. Filing ↗machine: r2 · c6 · span 1657541–1657551
22DT Midstream, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011280CEO total compensation as printed in DT Midstream, Inc.'s own proxy. As printed: 9,328,071. Filing ↗machine: t213 · r2 · c19 · span 834643–834652
23Aris Water Solutions, Inc., Section 10b CEO totalDEF 14A2025-04-090001193125-25-076892CEO total compensation as printed in Aris Water Solutions, Inc.'s own proxy. As printed: 9,233,151. Filing ↗machine: r5 · c26 · span 289536–289545
24Civitas Resources, Inc., Section 10b CEO totalDEF 14A2025-04-210001558370-25-005077CEO total compensation as printed in Civitas Resources, Inc.'s own proxy. As printed: 8,385,769. Filing ↗
25Range Resources Corp, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134699CEO total compensation as printed in Range Resources Corp's own proxy. As printed: 8,375,421. Filing ↗machine: span 2305762–2305771
26Texas Pacific Land (subject), Section 10b CEO totalDEF 14A2026-09-250001104659-26-110963CEO total compensation as printed in Texas Pacific Land's own proxy. As printed: 7,072,516. Filing ↗machine: span 1304052–1304061
27Kinetik Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-080001692787-26-000086CEO total compensation as printed in Kinetik Holdings, Inc.'s own proxy. As printed: 6,156,243. Filing ↗machine: r4 · c21 · span 711505–711514
28Northern Oil & Gas, Inc., Section 10b CEO totalDEF 14A2026-04-100001104485-26-000013CEO 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
29Select Water Solutions, Inc., Section 10b CEO totalDEF 14A2026-03-240001104659-26-033864CEO total compensation as printed in Select Water Solutions, Inc.'s own proxy. As printed: 4,876,029. Filing ↗machine: span 1041295–1041304
30SM Energy Co, Section 10b CEO totalDEF 14A2026-04-080000893538-26-000048CEO total compensation as printed in SM Energy Co's own proxy. As printed: 4,475,172. Filing ↗machine: span 673171–673180
31Section 10a, SM Energy Co reciprocityDEF 14A—0000893538-26-000048SM Energy Co's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
32Section 10a, Civitas Resources, Inc. reciprocityDEF 14A—0001558370-25-005077Civitas Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
33Section 10a, Northern Oil & Gas, Inc. reciprocityDEF 14A—0001104485-26-000013Northern Oil & Gas, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
34Section 10a, Aris Water Solutions, Inc. reciprocityDEF 14A—0001193125-25-076892Aris Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
35Section 10a, Kinetik Holdings, Inc. reciprocityDEF 14A—0001692787-26-000086Kinetik Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
36Section 10a, Matador Resources Co reciprocityDEF 14A—0001520006-26-000013Matador Resources Co's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
37Section 10a, Select Water Solutions, Inc. reciprocityDEF 14A—0001104659-26-033864Select Water Solutions, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
38Section 10a, DT Midstream, Inc. reciprocityDEF 14A—0001140361-26-011280DT Midstream, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
39Section 10a, Range Resources Corp reciprocityDEF 14A—0001193125-26-134699Range Resources Corp's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
40Section 10a, Permian Resources Corp reciprocityDEF 14A—0001658566-26-000062Permian Resources Corp's most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗
41Section 10a, Ovintiv, Inc. reciprocityDEF 14A—0001193125-26-124351Ovintiv, Inc.'s most recent proxy was read; its disclosed peer group does not include Texas Pacific Land. Filing ↗

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