Form 4: Tyler Technologies Director Brenda Cline Exercises Options and Sells Shares
SEC Form 4 Filing
Director Brenda Cline exercised stock options and sold shares of Tyler Technologies on April 29, 2024.
Summary
- On April 29, 2024, Brenda Cline, a director of Tyler Technologies, exercised stock options to acquire 5,000 shares of common stock at a price of $146.92 per share.
- Following the exercise, Cline sold 697 shares at an average price of $458.1054 and 4,303 shares at an average price of $458.95.
- After these transactions, Cline directly owns 1,358 shares and indirectly owns 4,002 shares through a family limited partnership.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company directors. It's a standard practice in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Brenda Cline exercised stock options and sold shares of Tyler Technologies. |
| 05/11/2026 | Expiration date of the stock options exercised. |
| 05/01/2024 | Date of signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.