Form 4: Tyler Technologies Executive Chair John S. Marr Jr. Exercises Options and Sells Shares
SEC Form 4 Filing
Executive Chair of Tyler Technologies, John S. Marr Jr., exercised stock options and sold shares in multiple transactions on May 14 and 15, 2024.
Summary
- John S. Marr Jr., Executive Chair of the Board at Tyler Technologies, exercised stock options to acquire 12,000 shares of common stock on May 14 and 15, 2024, at a price of $205.66 per share.
- Concurrently, Marr sold a total of 10,651 shares of common stock in a series of transactions on the same days.
- The sales prices ranged from $480.52 to $492.49 per share.
- Following these transactions, Marr directly owns 6,983 shares and indirectly owns 51,388 shares.
- The indirectly held shares are held in trusts and a partnership for the benefit of family members, with Marr as a co-trustee or general partner.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives. It is common for executives 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, but the overall impact is likely minimal given the relatively small number of shares involved compared to the total outstanding shares of Tyler Technologies.
Key Dates
| Date | Description |
|---|---|
| 02/26/2028 | Expiration date of options exercised |
| 05/14/2024 | Date of first transaction (option exercise and share sales) |
| 05/15/2024 | Date of second transaction (option exercise and share sales) |
| 05/16/2024 | Date of signature on the Form 4 filing |
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