Tyler Glover

President and Chief Executive Officer at Texas Pacific Land

Board

Since January 11, 2021

Age

40 years

Tenure

Started at TPL in 12-2014 as Assistant General Agent of the Trust, promoted in November 2016 to CEO, Co-General Agent, and Secretary of the Trust, and assumed the role of President and CEO on 01-11-2021.

Also at Texas Pacific Land

Chris Steddum

Chief Financial Officer (CFO)

MWD

Micheal W. Dobbs

Senior Vice President, Secretary, and General Counsel

RAC

Robert A. Crain

Executive Vice President of Texas Pacific Water Resources (TPWR)

About

Tyler Glover is a seasoned executive currently 40 years old as of February 2025. With over 10 years of experience in energy services and land management, he has built a progressive career at TPL while consistently taking on roles of greater responsibility.

Beginning his career at TPL in December 2014 as Assistant General Agent of the Trust, he advanced to serve as CEO, Co-General Agent, and Secretary of the Trust from November 2016 until January 11, 2021.

On January 11, 2021, he officially took on the role of President and Chief Executive Officer at TPL and concurrently leads Texas Pacific Water Resources LLC, a wholly owned subsidiary of TPL.

No information regarding educational credentials or personal details apart from his professional accomplishments is available in the documents.

$TPL Performance Under Tyler Glover

Past Roles

Organization	Role	Date Range	Details
TPL	Chief Executive Officer, Co-General Agent, and Secretary of the Trust	November 2016 - January 11, 2021	Former role prior to becoming President and CEO
TPL	Assistant General Agent of the Trust	December 2014 - November 2016	Former role prior to becoming President and CEO

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$850,000	Annual 2024	Base salary for 2024
Automobile Allowance	$14,400	Annual 2024	Automobile allowance for 2024
Defined Contribution Retirement Plan	$20,700	Annual 2024	TPL contributions for 2024
Change in Actuarial Present Value of Accumulated Benefits	$0	Annual 2024	Decrease of $12,109 reported as zero
All Other Compensation	$35,100	Annual 2024	Includes defined contribution retirement plan and automobile allowance

Performance Compensation

Data from FY 2024

Stock Awards Performance Compensation

Component	Performance Metric	Threshold	Target	Maximum	Grant Date Fair Value	Grant Date	Vesting Schedule	Additional Details
RTSR PSUs	Relative Total Shareholder Return	476 units	1,902 units	3,804 units	$1,144,135	Feb 13, 2024	Vests on Feb 13, 2027	Determined using a Monte Carlo simulation model
FCF PSUs	Cumulative Free Cash Flow per Diluted Share	476 units	1,902 units	3,804 units	$1,806,329	Feb 13, 2024	Vests on Feb 13, 2027	Performance levels: Maximum $65.00/share, Target $51.67/share, Threshold $38.33/share
RSUs	Continued Service	N/A	N/A	N/A	$1,806,329	Feb 13, 2024	Vests in three installments (Feb 13, 2025; Feb 13, 2026; Feb 13, 2027)	3,804 units granted

Non-Equity Incentive Plan Compensation

Component	Performance Metric	Threshold	Target	Maximum	Payout	Vesting Schedule	Additional Details
Annual Cash Bonus	Based on Adjusted EBITDA Margin & Free Cash Flow per Share	$467,500	$935,000	$1,870,000	$935,000	Annual 2024	Target bonus set at 110% of base salary; includes strategic objectives (details not provided)