---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-109166"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-10T00:08:30.118404+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Texas Pacific Land amends exec employment contracts; enhances change-in-control severance, term extended to Dec 2026

## Summary
- CEO Tyler Glover's base salary confirmed at $850,000; target annual bonus at least 100% of base; LTI target at least 300% of base when combined.
- Employment term extended through December 31, 2026, with automatic one-year renewals unless 120-day notice of non-renewal.
- Severance on termination without cause or for good reason: 2x average of prior 3 years' base salary and bonus; plus 18 months COBRA.
- Within 24 months after change in control, severance multiplier increases to 2.99x; expanded Good Reason includes salary reduction and relocation.
- Agreements add mutual nondisparagement clauses and company indemnification for execs' enforcement costs.

## SEC filing metadata
- accession: 0001104659-23-109166
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000110465923109166/0001104659-23-109166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000110465923109166/tm2328453d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-109166
- JSON: https://secwatch.observer/filing/0001104659-23-109166.json
- Plain text: https://secwatch.observer/filing/0001104659-23-109166.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.