Form 4: Tyler Technologies Executive Chair John S. Marr Jr. Exercises Options and Sells Shares
SEC Form 4 Filing
John S. Marr Jr., Executive Chair of Tyler Technologies, exercised stock options and sold shares on August 8th and 9th, 2024, according to a Form 4 filing with the SEC.
Summary
- John S. Marr Jr., the Executive Chair of the Board at Tyler Technologies, executed transactions involving the company's common stock on August 8th and 9th, 2024.
- He exercised stock options to acquire 10,000 shares at a price of $205.66 per share.
- Marr then sold a total of 10,500 shares in multiple transactions at prices ranging from $572.24 to $580.01 per share.
- Following these transactions, Marr directly owns 6,983 shares of common stock and indirectly owns 51,388 shares.
- He also holds options for 43,542 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider trading activity. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives and directors, which is 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 given the volume of shares traded relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/26/2028 | Expiration date of options exercised on 08/08/2024 and 08/09/2024 |
| 08/08/2024 | Date of earliest transaction: Exercise of stock options and sale of common stock. |
| 08/09/2024 | Exercise of stock options and sale of common stock. |
| 08/12/2024 | 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.