{"url_path":"/sec/pbt/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters","topic":"sec","document":{"doc_type":"10-K/A","doc_date":"2026-07-14","source_url":"https://www.sec.gov/Archives/edgar/data/319654/0001193125-26-303155-index.html","accession_number":"0001193125-26-303155","cik":"0000319654","ticker":"PBT","issuer_name":"PERMIAN BASIN ROYALTY TRUST","edgar_url":"https://www.sec.gov/Archives/edgar/data/319654/0001193125-26-303155-index.html","primary_entity_key":"0000319654","primary_entity_name":"PERMIAN BASIN ROYALTY TRUST"},"word_count":374,"has_tables":true,"body_markdown":"Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters\n\n(a) Security Ownership of Certain Beneficial Owners.  Based solely on a review of statements filed with the SEC pursuant to Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, the following table sets forth all persons who are known to the Trustee to own beneficially more than 5% of the outstanding Units of the Trust as of December 31, 2025:\n\n \n\nName\n\n \n\nNumber of\nUnits\nOwned(1)\n\n \n\n \n\nPercent(2)\n\n \n\nLoyd Powell(3)\n\n \n\n \n\n3,372,195\n\n \n\n \n\n \n\n7.24\n\n%\n\nGideon Powell(3)\n\n \n\n \n\n1,287,004\n\n \n\n \n\n \n\n2.76\n\n%\n\nSoftVest, LP(4)\n\n \n\n \n\n6,217,107\n\n \n\n \n\n \n\n13.3\n\n%\n\nHorizon Kinetics Asset Management LLC(5)\n\n \n\n \n\n5,839,825\n\n \n\n \n\n \n\n12.5\n\n%\n\n \n\n \n\n(1)\nUnless otherwise indicated, all Units are held directly with sole voting and investment power.\n\n(2)\nBased on 46,608,796 Units outstanding as of December 31, 2025.\n\n(3)\nBased on Schedule 13G/A filed February 11, 2021, reporting ownership as of December 31, 2020, jointly and as a group by Loyd Powell and Gideon Powell. The address for each of Loyd Powell and Gideon Powell is P.O. Box 12208; Suite 1610, Dallas, Texas 75225.\n\n(4)\nBased on Schedule 13D/A filed December 29, 2025, reporting ownership as of December 26, 2025, jointly by SoftVest Advisors, LLC, SoftVest, LP, SoftVest GP I, LLC, and Eric L. Oliver. The address for each of SoftVest Advisors, LLC, SoftVest, LP, SoftVest GP I, LLC, and Eric L. Oliver is 400 Pine Street, Suite 1010, Abilene, TX, 79601. Per the Schedule 13D/A, such ownership excludes 17,000 Units held by family members and partnerships for the benefit of Eric L. Oliver, of which he disclaims beneficial ownership.\n\n(5)\nBased on Schedule 13G/A filed July 2, 2025, reporting ownership as of June 3, 2025 by Horizon Kinetic Asset Management LLC. The address for Horizon Kinetic Asset Management LLC is 470 Park Avenue South, 8th Floor South, New York, NY 10016.\n\n(b) Security Ownership of Management. The Trust has no directors or officers. Argent Trust Company, the Trustee, held as of March 23, 2026, no Units in any fiduciary capacity.\n\n(c) Change In Control. The Trustee knows of no arrangements which may subsequently result in a change in control of the Trust.\n\n(d) Securities Authorized for Issuance under Equity Compensation Plans. The Trust has no equity compensation plans."}