Form 4: Tyler Technologies Director Glenn A. Carter Exercises Options and Sells Shares
SEC Form 4 Filing
Director Glenn A. Carter of Tyler Technologies exercised stock options and sold shares on September 5, 2024.
Summary
- On September 5, 2024, Glenn A. Carter, a director of Tyler Technologies, exercised stock options to acquire 3,350 shares of common stock at a price of $121.11 per share.
- Following the exercise of options, Carter sold 2,050 shares at a weighted average price of $582.0243, 600 shares at a weighted average price of $582.9458, and 700 shares at a weighted average price of $583.8579.
- After these transactions, Carter directly owns 2,654 shares of Tyler Technologies common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions.
Industry Context
This is a routine disclosure of insider transactions. It's common for executives and directors to exercise stock options and sell shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 09/05/2024 | Date of stock option exercise and share sales |
| 09/09/2024 | Date of signature by attorney-in-fact |
| 05/12/2025 | Expiration date of options |
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