SABINE ROYALTY TRUST
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Item 11. Executive Compensation
(a)
Compensation Committee Interlocks and Insider Participation/Compensation Committee Report. The Trust has no officers or directors and is administered by a trustee. The Trust does not have a compensation committee or maintain any equity compensation plans and there are no units reserved for issuance under any such plans.
(b)
Compensation of the Trustee. See the Special Statement of Fees and Expenses Paid by Sabine Royalty Trust to Argent Trust Company as Trustee and Escrow Agent attached as Exhibit 99 hereto for information regarding the fees earned by Argent Trust Company as Trustee and Escrow Agent. Please see Item 13. Certain Relationships and Related Transactions, and Director Independence for information on the revenue audit that is being conducted by Argent Mineral Management (“AMM”), an affiliate of Argent Financial, of which the Trustee is also an affiliate.
(c)
Pay Ratio Disclosure. The Trust does not have a principal executive officer or employees and therefore, the pay ratio disclosure and other executive compensation information is not applicable.
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