[Form 4] Texas Pacific Land Corporation Insider Trading Activity
Upbound Group, Inc. (UPBD) director Jeffrey J. Brown reported new insider purchases and equity accruals dated 8 July 2025. Through a dividend-reinvestment program, Brown bought 1,653 common shares at $25.90, split between the Jeffrey J Brown Living Trust (327 shares) and Brown Equity Partners, LLC (1,326 shares). His indirect ownership now totals 22,057 and 89,400 shares, respectively.
Table II shows an automatic grant of 1,351 fully-vested Director Deferred Stock Units (DSUs) at a reference price of $25.66, increasing Brown鈥檚 direct DSU balance to 135,625 units. Each DSU converts 1-for-1 into common stock once he leaves the board. No shares were sold, and all acquisitions were coded "P" or "A", indicating purchases and awards rather than dispositions. In dollar terms, the common-stock purchases amount to roughly $42,800, a modest but positive vote of confidence from a long-tenured insider.
Il direttore di Upbound Group, Inc. (UPBD), Jeffrey J. Brown, ha segnalato nuovi acquisti interni e accumuli di azioni datati 8 luglio 2025. Attraverso un programma di reinvestimento dei dividendi, Brown ha acquistato 1.653 azioni ordinarie a $25,90, suddivise tra il Jeffrey J Brown Living Trust (327 azioni) e Brown Equity Partners, LLC (1.326 azioni). La sua propriet脿 indiretta ora ammonta rispettivamente a 22.057 e 89.400 azioni.
La Tabella II mostra una concessione automatica di 1.351 Director Deferred Stock Units (DSU) completamente maturate a un prezzo di riferimento di $25,66, aumentando il saldo diretto di DSU di Brown a 135.625 unit脿. Ogni DSU si converte 1 a 1 in azioni ordinarie una volta che lascia il consiglio. Non sono state vendute azioni e tutte le acquisizioni sono state codificate come "P" o "A", indicando acquisti e premi piuttosto che cessioni. In termini di valore, gli acquisti di azioni ordinarie ammontano a circa $42.800, un segnale modesto ma positivo di fiducia da parte di un dirigente di lunga data.
El director de Upbound Group, Inc. (UPBD), Jeffrey J. Brown, inform贸 nuevas compras internas y acumulaciones de acciones con fecha 8 de julio de 2025. A trav茅s de un programa de reinversi贸n de dividendos, Brown compr贸 1,653 acciones comunes a $25.90, distribuidas entre el Jeffrey J Brown Living Trust (327 acciones) y Brown Equity Partners, LLC (1,326 acciones). Su propiedad indirecta ahora totaliza 22,057 y 89,400 acciones, respectivamente.
La Tabla II muestra una concesi贸n autom谩tica de 1,351 Unidades Diferidas de Acciones para Directores (DSU) totalmente adquiridas a un precio de referencia de $25.66, aumentando el saldo directo de DSU de Brown a 135,625 unidades. Cada DSU se convierte 1 a 1 en acciones comunes una vez que deja la junta. No se vendieron acciones, y todas las adquisiciones se codificaron como "P" o "A", indicando compras y premios en lugar de disposiciones. En t茅rminos monetarios, las compras de acciones comunes ascienden a aproximadamente $42,800, un voto modesto pero positivo de confianza por parte de un insider con larga trayectoria.
Upbound Group, Inc.(UPBD) 鞚挫偓 鞝滍攧毽� J. 敫岆澕鞖挫澊 2025雲� 7鞗� 8鞚检瀽 靸堧鞖� 雮措秬鞛� 欤检嫕 毵れ瀰 氚� 歆�攵� 於曥爜鞚� 氤搓碃頄堨姷雼堧嫟. 氚半嫻旮� 鞛埇鞛� 頂勲攴鸽灗鞚� 韱淀暣 敫岆澕鞖挫潃 1,653欤� 氤错喌欤茧ゼ 欤茧嫻 $25.90鞐� 毵れ瀰頄堨溂氅�, 鞚措姅 Jeffrey J Brown Living Trust(327欤�)鞕赌 Brown Equity Partners, LLC(1,326欤�)搿� 雮橂墿雼堧嫟. 攴胳潣 臧勳爲 靻岇湢 歆�攵勳潃 臧侁皝 22,057欤�鞕赌 89,400欤�鞐� 雼暕雼堧嫟.
響� II電� 旮办 臧�瓴� $25.66鞐� 鞛愲彊鞙茧 攵�鞐悳 1,351 鞕勳爠 旆摑霅� 鞚挫偓 歆�鞐� 欤检嫕 雼渼(DSU)毳� 氤挫棳欤茧┌, 敫岆澕鞖挫潣 歆侅爲 DSU 鞛旍暋鞚� 135,625 雼渼搿� 歃濌皜頄堨姷雼堧嫟. 臧� DSU電� 鞚挫偓須岇棎靹� 氍茧煬雮� 霑� 1雽�1搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�. 欤检嫕鞚� 毵る弰霅橃 鞎婌晿鞙茧┌, 氇摖 旆摑鞚� "P" 霕愲姅 "A" 旖旊摐搿� 響滌嫓霅橃柎 毵る弰氤措嫟電� 毵れ瀰 氚� 靾橃棳毳� 雮橅儉雰呺媹雼�. 旮堨暋鞙茧 頇橃偘頃橂┐ 氤错喌欤� 毵れ瀰鞎§潃 鞎� $42,800鞙茧, 鞓る灅霅� 雮措秬鞛愳潣 瓴胳啇頃橃毵� 旮嶌爼鞝侅澑 鞁犽鞚� 響滌嫓鞛呺媹雼�.
Jeffrey J. Brown, administrateur de Upbound Group, Inc. (UPBD), a d茅clar茅 de nouveaux achats d鈥檌niti茅s et accumulations d鈥檃ctions dat茅s du 8 juillet 2025. Par un programme de r茅investissement des dividendes, Brown a acquis 1 653 actions ordinaires 脿 25,90 $, r茅parties entre le Jeffrey J Brown Living Trust (327 actions) et Brown Equity Partners, LLC (1 326 actions). Sa d茅tention indirecte s鈥櫭﹍猫ve d茅sormais respectivement 脿 22 057 et 89 400 actions.
Le tableau II montre une attribution automatique de 1 351 unit茅s d鈥檃ctions diff茅r茅es pour administrateurs (DSU) enti猫rement acquises 脿 un prix de r茅f茅rence de 25,66 $, portant le solde direct de DSU de Brown 脿 135 625 unit茅s. Chaque DSU se convertit en actions ordinaires 脿 raison de 1 pour 1 d猫s son d茅part du conseil. Aucune action n鈥檃 茅t茅 vendue et toutes les acquisitions ont 茅t茅 cod茅es 芦 P 禄 ou 芦 A 禄, indiquant des achats et des attributions plut么t que des cessions. En termes mon茅taires, les achats d鈥檃ctions ordinaires s鈥櫭﹍猫vent 脿 environ 42 800 $, un signe modeste mais positif de confiance de la part d鈥檜n initi茅 de longue date.
Jeffrey J. Brown, Direktor von Upbound Group, Inc. (UPBD), meldete neue Insider-K盲ufe und Aktienakkumulationen vom 8. Juli 2025. Im Rahmen eines Dividenden-Reinvestitionsprogramms kaufte Brown 1.653 Stammaktien zu je 25,90 USD, aufgeteilt auf den Jeffrey J Brown Living Trust (327 Aktien) und Brown Equity Partners, LLC (1.326 Aktien). Sein indirekter Besitz bel盲uft sich nun auf 22.057 bzw. 89.400 Aktien.
Tabelle II zeigt eine automatische Zuteilung von 1.351 voll unverfallbaren Director Deferred Stock Units (DSUs) zum Referenzpreis von 25,66 USD, wodurch Browns direkter DSU-Bestand auf 135.625 Einheiten anstieg. Jede DSU wandelt sich 1:1 in Stammaktien um, sobald er das Board verl盲sst. Es wurden keine Aktien verkauft, und alle Erwerbe wurden mit "P" oder "A" codiert, was K盲ufe und Zuteilungen und keine Verk盲ufe bedeutet. In Dollar ausgedr眉ckt belaufen sich die K盲ufe von Stammaktien auf etwa 42.800 USD, ein bescheidenes, aber positives Vertrauenssignal eines langj盲hrigen Insiders.
- Net insider accumulation: 1,653 common shares purchased and 1,351 DSUs awarded, with no dispositions.
- Aligned incentives: DSUs are fully vested and convert to stock upon board exit, tightening director鈥搒hareholder alignment.
- None.
Insights
TL;DR: Small but clear insider buying; signals confidence but low dollar value鈥攑ositive yet limited impact.
The Form 4 shows director Jeffrey J. Brown increasing his economic exposure to UPBD via both common-stock DRIP purchases and automatic DSU accruals. Although the added 1,653 shares represent less than 0.1 % of shares outstanding, the absence of sales and steady accumulation support a constructive view on insider sentiment. The DSUs, already fully vested, further align Brown鈥檚 incentives with shareholders. However, the transaction size (~$43k) is not large enough to materially alter ownership structure or valuation models, so overall market impact should be modest.
Il direttore di Upbound Group, Inc. (UPBD), Jeffrey J. Brown, ha segnalato nuovi acquisti interni e accumuli di azioni datati 8 luglio 2025. Attraverso un programma di reinvestimento dei dividendi, Brown ha acquistato 1.653 azioni ordinarie a $25,90, suddivise tra il Jeffrey J Brown Living Trust (327 azioni) e Brown Equity Partners, LLC (1.326 azioni). La sua propriet脿 indiretta ora ammonta rispettivamente a 22.057 e 89.400 azioni.
La Tabella II mostra una concessione automatica di 1.351 Director Deferred Stock Units (DSU) completamente maturate a un prezzo di riferimento di $25,66, aumentando il saldo diretto di DSU di Brown a 135.625 unit脿. Ogni DSU si converte 1 a 1 in azioni ordinarie una volta che lascia il consiglio. Non sono state vendute azioni e tutte le acquisizioni sono state codificate come "P" o "A", indicando acquisti e premi piuttosto che cessioni. In termini di valore, gli acquisti di azioni ordinarie ammontano a circa $42.800, un segnale modesto ma positivo di fiducia da parte di un dirigente di lunga data.
El director de Upbound Group, Inc. (UPBD), Jeffrey J. Brown, inform贸 nuevas compras internas y acumulaciones de acciones con fecha 8 de julio de 2025. A trav茅s de un programa de reinversi贸n de dividendos, Brown compr贸 1,653 acciones comunes a $25.90, distribuidas entre el Jeffrey J Brown Living Trust (327 acciones) y Brown Equity Partners, LLC (1,326 acciones). Su propiedad indirecta ahora totaliza 22,057 y 89,400 acciones, respectivamente.
La Tabla II muestra una concesi贸n autom谩tica de 1,351 Unidades Diferidas de Acciones para Directores (DSU) totalmente adquiridas a un precio de referencia de $25.66, aumentando el saldo directo de DSU de Brown a 135,625 unidades. Cada DSU se convierte 1 a 1 en acciones comunes una vez que deja la junta. No se vendieron acciones, y todas las adquisiciones se codificaron como "P" o "A", indicando compras y premios en lugar de disposiciones. En t茅rminos monetarios, las compras de acciones comunes ascienden a aproximadamente $42,800, un voto modesto pero positivo de confianza por parte de un insider con larga trayectoria.
Upbound Group, Inc.(UPBD) 鞚挫偓 鞝滍攧毽� J. 敫岆澕鞖挫澊 2025雲� 7鞗� 8鞚检瀽 靸堧鞖� 雮措秬鞛� 欤检嫕 毵れ瀰 氚� 歆�攵� 於曥爜鞚� 氤搓碃頄堨姷雼堧嫟. 氚半嫻旮� 鞛埇鞛� 頂勲攴鸽灗鞚� 韱淀暣 敫岆澕鞖挫潃 1,653欤� 氤错喌欤茧ゼ 欤茧嫻 $25.90鞐� 毵れ瀰頄堨溂氅�, 鞚措姅 Jeffrey J Brown Living Trust(327欤�)鞕赌 Brown Equity Partners, LLC(1,326欤�)搿� 雮橂墿雼堧嫟. 攴胳潣 臧勳爲 靻岇湢 歆�攵勳潃 臧侁皝 22,057欤�鞕赌 89,400欤�鞐� 雼暕雼堧嫟.
響� II電� 旮办 臧�瓴� $25.66鞐� 鞛愲彊鞙茧 攵�鞐悳 1,351 鞕勳爠 旆摑霅� 鞚挫偓 歆�鞐� 欤检嫕 雼渼(DSU)毳� 氤挫棳欤茧┌, 敫岆澕鞖挫潣 歆侅爲 DSU 鞛旍暋鞚� 135,625 雼渼搿� 歃濌皜頄堨姷雼堧嫟. 臧� DSU電� 鞚挫偓須岇棎靹� 氍茧煬雮� 霑� 1雽�1搿� 氤错喌欤茧 鞝勴櫂霅╇媹雼�. 欤检嫕鞚� 毵る弰霅橃 鞎婌晿鞙茧┌, 氇摖 旆摑鞚� "P" 霕愲姅 "A" 旖旊摐搿� 響滌嫓霅橃柎 毵る弰氤措嫟電� 毵れ瀰 氚� 靾橃棳毳� 雮橅儉雰呺媹雼�. 旮堨暋鞙茧 頇橃偘頃橂┐ 氤错喌欤� 毵れ瀰鞎§潃 鞎� $42,800鞙茧, 鞓る灅霅� 雮措秬鞛愳潣 瓴胳啇頃橃毵� 旮嶌爼鞝侅澑 鞁犽鞚� 響滌嫓鞛呺媹雼�.
Jeffrey J. Brown, administrateur de Upbound Group, Inc. (UPBD), a d茅clar茅 de nouveaux achats d鈥檌niti茅s et accumulations d鈥檃ctions dat茅s du 8 juillet 2025. Par un programme de r茅investissement des dividendes, Brown a acquis 1 653 actions ordinaires 脿 25,90 $, r茅parties entre le Jeffrey J Brown Living Trust (327 actions) et Brown Equity Partners, LLC (1 326 actions). Sa d茅tention indirecte s鈥櫭﹍猫ve d茅sormais respectivement 脿 22 057 et 89 400 actions.
Le tableau II montre une attribution automatique de 1 351 unit茅s d鈥檃ctions diff茅r茅es pour administrateurs (DSU) enti猫rement acquises 脿 un prix de r茅f茅rence de 25,66 $, portant le solde direct de DSU de Brown 脿 135 625 unit茅s. Chaque DSU se convertit en actions ordinaires 脿 raison de 1 pour 1 d猫s son d茅part du conseil. Aucune action n鈥檃 茅t茅 vendue et toutes les acquisitions ont 茅t茅 cod茅es 芦 P 禄 ou 芦 A 禄, indiquant des achats et des attributions plut么t que des cessions. En termes mon茅taires, les achats d鈥檃ctions ordinaires s鈥櫭﹍猫vent 脿 environ 42 800 $, un signe modeste mais positif de confiance de la part d鈥檜n initi茅 de longue date.
Jeffrey J. Brown, Direktor von Upbound Group, Inc. (UPBD), meldete neue Insider-K盲ufe und Aktienakkumulationen vom 8. Juli 2025. Im Rahmen eines Dividenden-Reinvestitionsprogramms kaufte Brown 1.653 Stammaktien zu je 25,90 USD, aufgeteilt auf den Jeffrey J Brown Living Trust (327 Aktien) und Brown Equity Partners, LLC (1.326 Aktien). Sein indirekter Besitz bel盲uft sich nun auf 22.057 bzw. 89.400 Aktien.
Tabelle II zeigt eine automatische Zuteilung von 1.351 voll unverfallbaren Director Deferred Stock Units (DSUs) zum Referenzpreis von 25,66 USD, wodurch Browns direkter DSU-Bestand auf 135.625 Einheiten anstieg. Jede DSU wandelt sich 1:1 in Stammaktien um, sobald er das Board verl盲sst. Es wurden keine Aktien verkauft, und alle Erwerbe wurden mit "P" oder "A" codiert, was K盲ufe und Zuteilungen und keine Verk盲ufe bedeutet. In Dollar ausgedr眉ckt belaufen sich die K盲ufe von Stammaktien auf etwa 42.800 USD, ein bescheidenes, aber positives Vertrauenssignal eines langj盲hrigen Insiders.
FAQ
How many UPBD shares did Jeffrey J. Brown buy on 8 July 2025?
What is Jeffrey J. Brown鈥檚 total indirect UPBD shareholding after the transaction?
What are Director Deferred Stock Units (DSUs) reported in the Form 4?
Did the Form 4 disclose any share sales by the insider?
Does this filing materially impact UPBD investors?
