Jeffrey David Puckett - 01 Mar 2025 Form 4 Insider Report for TYLER TECHNOLOGIES INC (TYL)

Signature
Randall G. Ray, attorney-in-fact
Issuer symbol
TYL
Transactions as of
01 Mar 2025
Net transactions value
-$897,726
Form type
4
Filing time
04 Mar 2025, 15:50:58 UTC
Previous filing
03 Mar 2025
Next filing
02 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYL Common Stock Options Exercise +2,500 +53% 7,191 01 Mar 2025 Direct F1
transaction TYL Common Stock Tax liability $598,543 -984 -14% $608.43 6,208 01 Mar 2025 Direct
transaction TYL Common Stock Options Exercise +801 +13% 7,009 01 Mar 2025 Direct F1
transaction TYL Common Stock Tax liability $191,684 -315 -4.5% $608.43 6,694 01 Mar 2025 Direct
transaction TYL Common Stock Options Exercise +260 +3.9% 6,954 01 Mar 2025 Direct F2
transaction TYL Common Stock Tax liability $62,249 -102 -1.5% $608.43 6,851 01 Mar 2025 Direct
transaction TYL Common Stock Options Exercise +189 +2.8% 7,040 01 Mar 2025 Direct F2
transaction TYL Common Stock Tax liability $45,250 -74 -1.1% $608.43 6,966 01 Mar 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TYL Performance-Based Restricted Stock Unit Options Exercise $0 -2,500 -100% $0.000000 0 01 Mar 2025 Common Stock 2,500 Direct F1, F3
transaction TYL Performance-Based Restricted Stock Unit Options Exercise $0 -801 -100% $0.000000 0 01 Mar 2025 Common Stock 801 Direct F1, F4
transaction TYL Restricted Stock Unit Options Exercise $0 -260 -50% $0.000000 261 01 Mar 2025 Common Stock 260 Direct F2, F5
transaction TYL Restricted Stock Unit Options Exercise $0 -189 -33% $0.000000 378 01 Mar 2025 Common Stock 189 Direct F2, F6
transaction TYL Performance-Based Restricted Stock Unit Award $0 +1,725 $0.000000 1,725 01 Mar 2025 Common Stock 1,725 Direct F7, F8
transaction TYL Performance-Based Restricted Stock Unit Award $0 +1,725 $0.000000 1,725 01 Mar 2025 Common Stock 1,725 Direct F7, F9
transaction TYL Performance-Based Restricted Stock Unit Award $0 +534 $0.000000 534 01 Mar 2025 Common Stock 534 Direct F7, F10
transaction TYL Restricted Stock Unit Award $0 +410 $0.000000 410 01 Mar 2025 Common Stock 410 Direct F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-based restricted stock units convert into common stock on a one-to-one basis.
F2 Restricted stock units convert into common stock on a one-to-one basis.
F3 On March 1, 2022, the reporting person was granted performance-based restricted stock units based upon cumulative recurring revenue growth over a three-year period ending on December 31, 2024 and continued employment through March 1, 2025. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 100% of target performance (whereas the number of units originally reported in connection with the grant reflected assumed target performance).
F4 On March 1, 2024, the reporting person was granted performance-based restricted stock units based upon non-GAAP earnings per share for the one-year period ending December 31, 2024. The number of vested units settled by the issuer in issuer common stock on March 1, 2025 reflects actual performance equal to 150% of target performance (whereas the number of units originally reported in connection with the grant reflected assumed target performance).
F5 On March 1, 2023, the reporting person was granted 781 restricted stock units, to vest in equal installments on each of the first, second, and third anniversaries of the date of grant, and settled by the issuer on the respective anniversary dates, subject to the terms and conditions of the Issuer's 2018 Stock Incentive Plan.
F6 On March 1, 2024, the reporting person was granted 567 restricted stock units, to vest in equal installments on each of the first, second, and third anniversaries of the date of grant, and settled by the issuer on the respective anniversary dates, subject to the terms and conditions of the Issuer's 2018 Stock Incentive Plan.
F7 Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock.
F8 Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative non-GAAP adjusted recurring revenue growth over the three-year performance period ending December 31, 2027 and continued employment through March 1, 2028. The number of vested restricted stock units will be settled by the issuer in issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded.
F9 Vesting is subject to the issuer's achievement of long-term performance goals based upon non-GAAP net operating margin for the year ending December 31, 2027 and continued employment through March 1, 2028. The number of vested restricted stock units will be settled by the issuer in issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded.
F10 Vesting is subject to the issuer's achievement of short-term performance goals based upon non-GAAP earnings per share for the one-year performance period ending December 31, 2025. The number of vested restricted stock units will be settled by the issuer in issuer common stock on March 1, 2026. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded.
F11 Each restricted stock unit represents a contingent right to receive one share of issuer common stock.
F12 The restricted stock units vest in equal installments on each of the first, second, and third anniversaries of the date of grant and will be settled by the issuer on such dates, subject to the terms and conditions of the issuer's 2018 Stock Incentive Plan.