Robert Roosa
Texas Pacific LandAbout Robert Roosa
Independent director (age 55) of Texas Pacific Land Corporation since November 10, 2023; Audit Committee “financial expert,” Compensation Committee member, and Strategic Acquisitions Committee member . Background spans royalty acquisitions, corporate finance, and audit: CEO/Partner of Brigham Royalties (since Jan 2023), former CEO/President/Director of Brigham Minerals (2012–2022), prior finance and IR roles at Brigham Exploration, and treasury roles at Exxon Mobil; began career at Deloitte audit and Cooper Industries; MBA (SMU), BBA (UT Austin) .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Brigham Royalties | Chief Executive Officer; Partner | Jan 2023–present | Royalty acquisitions leadership |
| Brigham Minerals, Inc. (NYSE: MNRL) | President (from inception), CEO (2017–2022), Director (2018–2022) | 2012–2022 | Acquired by Sitio Royalties Corp. in Dec 2022 |
| Brigham Exploration Company | Director of Finance & Investor Relations | 2006–Dec 2011 | Company sold to Statoil ASA |
| Exxon Mobil (Corporate Treasurer’s) | Various positions | 2000–2006 | Corporate finance/treasury experience |
| Cooper Industries | Corporate Controllers and Audit Groups | Pre-2000 | Accounting/controls roles |
| Deloitte & Touche LLP | Audit | Pre-2000 | Audit foundation |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Brigham Royalties | CEO; Partner | Jan 2023–present | Leads deal sourcing/execution for mineral royalties |
| Brigham Minerals, Inc. | Director | 2018–2022 | Oversight until acquisition by Sitio |
Board Governance
- Committees: Audit (member; designated Audit Committee “financial expert”), Compensation (member), Strategic Acquisitions (member) .
- Independence: Board deems Roosa independent under SEC/NYSE rules (9 of 10 directors, including Roosa, are independent) .
- Attendance: Board met 14 times in FY2024; all directors attended at least 86% of Board/committee meetings; all attended the 2024 annual meeting .
- Nomination context: Named in July 28, 2023 Cooperation Agreement with Horizon Kinetics/SoftVest; nominated for 2023 election and elected in Nov 2023 .
Fixed Compensation
| Component | Structure | 2024 Roosa Amount |
|---|---|---|
| Annual base retainer | $105,000 cash + $125,000 in shares (fully vested Jan 1) | Cash retainer included in cash fees; stock award grant date value $125,796 |
| Committee service fees | $10,000 per committee | Included in cash fees |
| Chair fees | Not applicable (not a chair) | — |
| Ad hoc committee fees | As determined by Board | Not disclosed |
Directors’ 2024 total compensation (Roosa): $138,500 cash fees + $125,796 stock award = $264,296 .
2025 director fee schedule (context for future alignment):
| Item | 2024 | 2025 |
|---|---|---|
| Base retainer (cash) | $105,000 | $105,000 |
| Base retainer (shares) | $125,000 | $145,000 |
| Committee service | $10,000 | $10,000 |
| Audit Chair | $10,000 | $15,000 |
| Comp Chair | $5,000 | $10,000 |
| Nominating/Gov Chair | $5,000 | $10,000 |
| Strategic Acquisitions Chair | $5,000 | $5,000 |
| Board Chair | $125,000 | $130,000 |
Performance Compensation
- No performance-based director compensation disclosed; annual director equity grants are fully vested shares under the 2021 Non-Employee Director Stock and Deferred Compensation Plan; no options or PSUs/RSUs for directors .
Other Directorships & Interlocks
- Current public company directorships: None disclosed beyond TPL .
- Prior public company directorship: Brigham Minerals, Inc. (2018–2022) .
- Interlocks/related-party context: TPL’s Aug 27, 2024 mineral interest acquisitions were completed alongside Brigham Royalties Fund I Holdco, a subsidiary of Brigham Royalties (Roosa is CEO/Partner). TPL paid ~$1.1m in commissions to six Brigham Royalties employees (less than typical third-party commissions); no fees paid to Brigham Royalties or Roosa; transaction approved by Audit Committee and Board; Roosa abstained .
Expertise & Qualifications
- Mineral royalty acquisitions executive experience; former public-company CEO/President/Director in minerals .
- Audit/finance credentials: designated Audit Committee “financial expert” alongside two others .
- Corporate finance/treasury and investor relations track record; audit foundation at Deloitte .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Notes |
|---|---|---|---|
| Robert Roosa | 1,305 | <1% | 405 shares direct; 450 via RSR Resources & Minerals Unvested, LLC; 450 via RSR Resources & Minerals Vested, LLC; 22,979,410 shares outstanding |
| Directors & officers (group) | 1,589,981 | 6.9% | Aggregate group holdings |
Stock ownership guidelines for directors: must hold ≥5x base cash retainer within five years; unvested time-based restricted shares count; sales allowed to cover taxes at vesting . Anti-hedging/pledging: hedging and short sales prohibited; pledging requires pre-approval by General Counsel .
Governance Assessment
- Committee effectiveness: Tri-committee membership plus Audit Committee “financial expert” designation suggests active oversight capacity in financial reporting, pay, and M&A screening .
- Independence/attendance: Independent status and strong attendance bolster board effectiveness and investor confidence .
- Ownership alignment: Personal beneficial ownership is less than 1%; director stock grants vest immediately and ownership guidelines aim for 5x cash retainer, but individual compliance status not disclosed for directors .
- Conflicts and related-party exposure: The Brigham Royalties co-investment presents potential conflict risk; mitigants included Audit Committee review, Board approval, pro-rata economics, no fees to Roosa/Brigham, and Roosa abstention—still a notable transaction to monitor for future recurrences (RED FLAG) .
- Policy safeguards: Majority vote resignation policy, declassified board, proxy access adoption (Aug 5, 2025), anti-hedging/pledging and clawback policy provide governance protections .
Overall: Roosa brings rare royalty-sector operator experience and financial expertise, balanced against a recent related-party co-investment that was procedurally controlled but merits continued monitoring for board independence optics .