CROSS TIMBERS ROYALTY TRUST
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
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FY2025 · Filed Mar 27, 2026
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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 such plans. |
|---|---|
| (b) | Compensation of the Trustee. The Trustee received the following annual compensation for the fiscal years ended December 31, 2024, through December 31, 2025, as specified in the Trust indenture: |
| 2025 | 2024 | |
|---|---|---|
| Argent Trust Company, Trustee (1) | $71,135 | $95,561 |
(1)
Under the Trust indenture, the trustee is entitled to an administrative fee of: (i) 1/20 of 1 percent of the first $100 million of the annual gross revenue of the Trust, and 1/30 of 1 percent of the annual gross revenue of the Trust in excess of $100 million, and (ii) trustee’s standard hourly rates for time in excess of 300 hours annually.
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