Form 4: Tyler Technologies Director Andrew D. Teed Reports Stock Unit Vesting
SEC Form 4 Filing
Director Andrew D. Teed reports the vesting and conversion of 518 restricted stock units into common stock of Tyler Technologies.
Summary
- On May 9, 2025, Andrew D. Teed, a director of Tyler Technologies, reported the vesting of 518 restricted stock units.
- These units converted into 518 shares of common stock on a one-for-one basis.
- Teed also indirectly owns 2,000 shares through a trust where he and his wife are sole trustees.
- The restricted stock units were granted on May 9, 2024, and vested 100% on the first anniversary, as per the company's 2018 Stock Incentive Plan.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock unit vesting, neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates standard compensation practices.
Stakeholder Impact
- The vesting of stock units has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Reporting person was granted 518 restricted stock units |
| 05/09/2025 | 518 restricted stock units vested and converted to common stock |
| 05/13/2025 | Date of Form 4 filing |
Keywords
Form 4, insider trading, stock units, beneficial ownership, Tyler Technologies, TYL, Teed
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