Form 4: Tyler Technologies Executive VP and CFO Brian K. Miller Reports Stock Transactions
SEC Form 4
Brian K. Miller, Executive VP and CFO of Tyler Technologies, reports exercising stock options and selling shares on August 29 and 30, 2024.
Summary
- On August 29 and 30, 2024, Brian K. Miller, the Executive VP and CFO of Tyler Technologies, exercised options to acquire 5,000 shares of common stock at a price of $290.17 per share.
- Concurrently, Miller sold a total of 4,700 shares of common stock in multiple transactions at varying prices ranging from $583.75 to $590.33 per share.
- Following these transactions, Miller directly owns 11,949.5229 shares of Tyler Technologies common stock.
- Miller also indirectly owns 26,781 shares through family trusts.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in corporate governance.
- Companies like Oracle, Microsoft, and SAP are also subject to similar scrutiny regarding executive stock transactions.
- The volume and frequency of these transactions are typical for executives at 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.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of earliest transaction: Exercise of options and sale of common stock. |
| 08/30/2024 | Exercise of options and sale of common stock. |
| 09/03/2024 | Date of signature by attorney-in-fact. |
| 12/01/2029 | Expiration date of options exercised. |
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