MOORE H LYNN JR 4

What Happened

• Moore H. Lynn Jr., President, CEO and Director of Tyler Technologies (TYL), converted/exercised a total of 30,010 derivative units into common stock on March 1, 2026 and was also granted 26,571 restricted stock units the same day. To cover tax obligations, 11,393.578 shares were withheld/sold at $354.69 per share, producing approximately $4,041,188 in proceeds.
• Transactions in the filing use: M = exercise/conversion of derivatives, F = payment of exercise price or tax liability (share withholding/sale), A = grant/award of restricted stock units. Several derivative conversions are reported with $0 sale price reflecting conversion/settlement into common stock before withholding.

Key Details

• Transaction date: March 1, 2026 (Form 4 filed March 3, 2026).
• Shares sold/withheld for taxes: 11,393.578 shares at $354.69 = ~$4,041,188 total proceeds.
• Shares converted/received (exercised/settled): 30,010 shares (multiple conversions) plus 26,571 restricted stock units granted (these grants are awards/RSUs, not open-market purchases).
• Shares owned after the transactions: not specified in the filing.
• Relevant footnotes: conversions/settlements involve performance-based and time-based restricted stock units (see F1–F14). Some awards are contingent on long-term performance metrics (F10–F12) and prior grants settled at actual performance levels (F3–F5).
• Filing timeliness: filed on March 3 for March 1 transactions; no late filing flag noted.

Context

• This appears to be a routine cashless-type settlement: restricted stock units/performance units converted to shares and a portion of shares were withheld/sold to satisfy tax withholding obligations. Such withholding/sales to cover taxes are common and do not necessarily indicate buying or selling for investment reasons.
• The new grants include performance conditions (range 0–150% of target depending on results) and multi-year vesting schedules per the footnotes; some prior performance awards settled at 100%–150% of target.