Texas Pacific Land (TPL) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for November 8, 2024, with voting available online or in person in Dallas, TX.

• Shareholders are encouraged to review proxy materials and vote by November 7, 2024.

Voting matters and shareholder proposals

• Election of three Class I and three Class III directors to serve until the 2025 Annual Meeting.

• Advisory vote on executive compensation for named executive officers.

• Ratification of Deloitte & Touche LLP as independent auditor for fiscal year ending December 31, 2024.

• Proposal to amend the Certificate of Incorporation to allow holders of 25% of common stock to request a special meeting.

• Consideration of three non-binding shareholder proposals: amendment to Clawback Policy, ability to act by written consent, and renomination of directors.

Board of directors and corporate governance

• Six director nominees listed: Barbara J. Duganier, Tyler Glover, Karl F. Kurz (Class I); Robert Roosa, Murray Stahl, Marguerite Woung-Chapman (Class III).

• Board recommends voting for all director nominees.