Form 4: Tyler Technologies Director Exercises Restricted Stock Units

Director Glenn A. Carter exercised restricted stock units for Tyler Technologies common stock on May 9, 2025.

Summary

• On May 9, 2025, Glenn A. Carter, a director of Tyler Technologies Inc., exercised 518 restricted stock units (RSUs) that converted into common stock on a one-for-one basis.
• Following the transaction, Carter directly owns 3,172 shares of Tyler Technologies common stock.
• The RSUs vested 100% on the first anniversary of the grant date and were settled by the Issuer on such date, subject to the terms and conditions of the Issuer's 2018 Stock Incentive Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (exercise of vested RSUs) by a company director, which is generally neutral to slightly positive as it indicates confidence in the company's future.

Industry Context

This transaction reflects standard executive compensation practices within publicly traded companies, where stock-based compensation is used to align the interests of directors and shareholders.

Comparison to Industry Standards

• Stock-based compensation, including restricted stock units, is a common practice among publicly traded technology companies like Tyler Technologies.
• Companies such as Oracle, SAP, and Salesforce also utilize RSUs as part of their executive compensation packages.
• The vesting schedules and terms associated with these RSUs are generally aligned with industry norms, aiming to incentivize long-term performance and retention.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the director's ongoing alignment with shareholder interests through equity ownership.

Key Dates

Keywords

Tyler Technologies, Director, Restricted Stock Units, RSU, Form 4, Beneficial Ownership, Equity Securities, Glenn A. Carter