Form 4: Tyler Technologies Director Glenn A. Carter Executes Stock Options and Sells Shares
SEC Form 4
Director Glenn A. Carter exercised stock options and sold shares of Tyler Technologies Inc. on February 27, 2024.
Summary
- On February 27, 2024, Glenn A. Carter, a director of Tyler Technologies Inc., exercised stock options to acquire 1,650 shares of common stock at a price of $121.11 per share.
- Simultaneously, Carter sold 1,650 shares of Tyler Technologies' common stock at a weighted average price of $437.8403 per share, with individual sales prices ranging from $437.682 to $438.50.
- Following these transactions, Carter directly owns 2,011 shares of Tyler Technologies' common stock and holds options for 3,350 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine stock transactions by a company director.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often tied to compensation packages and personal financial planning. The sale of shares following option exercise is a typical way for executives to realize the value of their stock-based compensation.
Comparison to Industry Standards
- Executive compensation practices, including stock options, are common across the technology industry.
- Comparing Carter's transactions to those of executives at similar companies like Oracle (ORCL) or SAP (SAP) would provide context on the scale and frequency of such activities.
- Benchmarking the option exercise price and sale price against industry averages for executive stock transactions could offer further insights.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
- It reflects an individual director's financial decisions.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of stock option exercise and share sale. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
| 05/12/2025 | Expiration date of the options exercised. |
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