Form 4: Tyler Technologies Director Exercises and Disposes of Restricted Stock Units
SEC Form 4 Filing
Director Daniel M. Pope reports the acquisition and disposal of restricted stock units in Tyler Technologies, Inc.
Summary
- On May 9, 2024, Daniel M. Pope, a director of Tyler Technologies, Inc., was granted 518 restricted stock units (RSUs).
- These RSUs vest 100% on the first anniversary of the grant date and will be settled by the Issuer on such date, subject to the terms and conditions of the Issuer's 2018 Stock Incentive Plan.
- On May 11, 2024, Pope exercised 643 restricted stock units that had vested, converting them into common stock.
- These 643 RSUs were granted on May 11, 2023, and vested 100% on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into executive compensation and equity ownership at Tyler Technologies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Grant of 518 restricted stock units |
| 05/11/2023 | Grant date of 643 restricted stock units that vested |
| 05/11/2024 | Exercise of 643 restricted stock units |
| 05/13/2024 | Date of Randall G. Ray's signature as attorney-in-fact |
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