Texas Pacific Land Corporation (TPL) Proxy filing summary

Executive summary

• Annual Meeting scheduled for November 5, 2026, with voting on four key proposals, including director elections, executive compensation, auditor ratification, and redomestication from Delaware to Texas.

• Board recommends approval of all proposals, emphasizing alignment with shareholder interests and long-term strategy.

• Extensive shareholder engagement and feedback have informed governance and compensation practices.

Voting matters and shareholder proposals

• Shareholders will vote to elect nine directors, approve executive compensation (say-on-pay), ratify Deloitte as auditor, and approve redomestication to Texas.

• Board recommends voting FOR all proposals; majority vote required for most, with redomestication requiring a majority of outstanding shares.

• Shareholder proposals for the 2027 meeting must be received by November 27, 2026, for inclusion.

Board of directors and corporate governance

• Board consists of nine directors, eight of whom are independent; Chair is an independent director.

• Four standing committees: Audit, Compensation, Nominating and Corporate Governance, and Strategic Acquisitions.

• Board and committees meet regularly, with all directors attending at least 75% of meetings.

• Board refreshment, diversity, and annual self-evaluations are emphasized.