Packer: SEC Form 4
Glover: SEC Form 4
Tyler Glover and Robert Packer both bought the dip. Packer lifted 100 @ $589. Glover lifted 100 @ $598. Nice lifts! Hard to take this as anything but a long term positive. Glad to see management continue to put their money beside ours.
I agree, always good to see insiders showing confidence. It’s such an interesting dynamic with TPL as compared to corporations because, in theory, the trustees really should be indifferent to the price of the stock because dips are a good opportunity to accelerate their charter of buybacks towards eventual liquidation. However, the fact that the trustees presumably own sub-shares themselves, (combined with the youthful exuberance of Glover and Packer), would lead us to believe that price appreciation probably appeals to them as much as regular investors.
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