Tyler Technologies (NYSE: TYL) director gets 762 RSUs, exercises 452
Rhea-AI Filing Summary
Tyler Technologies director Brenda A. Cline reported routine equity compensation activity involving restricted stock units (RSUs) and common shares. On May 6, 2026, 452 RSUs granted on May 6, 2025 vested and were settled on a one-for-one basis into 452 shares of common stock, classified as an exercise or conversion of a derivative security.
On May 5, 2026, she also received a new grant of 762 RSUs, each representing a contingent right to one share of common stock. These RSUs vest 100% on the first anniversary of the grant date under the company’s Amended and Restated 2018 Stock Incentive Plan. After the transactions, Cline directly held 2,971 shares of common stock and 762 RSUs, and is also reported as having an indirect interest in 4,002 shares held in a family limited partnership, while disclaiming beneficial ownership beyond her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 452 | $0.00 | -- |
| Exercise | Common Stock | 452 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 762 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Includes 4,002 shares owned indirectly by the reporting person, which are held by a family limited partnership in which the reporting person and her husband each own a 44% limited partner interest, and each have 50% ownership and control of the sole general partner with a 2% general partner interest. The remaining limited partner interests are owned by the reporting person's sons. The reporting person disclaims beneficial ownership of the shares except to the extent of her pecuniary interest therein. Each restricted stock unit represents a contingent right to receive one share of Issuer common stock. The restricted stock units vest 100% on the first anniversary of the date of grant and will be settled by the Issuer on such date, subject to the terms and conditions of the Issuer's Amended and Restated 2018 Stock Incentive Plan. On May 6, 2025, the reporting person was granted 452 restricted stock units, which vested 100% on the first anniversary of the grant date and were settled by the Issuer on such date, subject to the terms and conditions of the Issuer's Amended and Restated 2018 Stock Incentive Plan.