Puckett Jeffrey David 4

What Happened

• Jeffrey D. Puckett, Chief Operating Officer of Tyler Technologies (TYL), converted/exercised a total of 9,102 derivative units into common stock on March 1, 2026 and had 3,176.259 shares withheld/sold to cover tax liabilities. The withheld shares were disposed at $354.69 per share, producing cash proceeds of $1,126,588 (sum of the reported withholdings). Several new restricted stock unit (RSU) awards were also reported (totaling 7,962 RSUs) that are subject to future vesting and performance conditions.

Key Details

• Transaction date: March 1, 2026.
• Exercised/converted (code M): 9,102 derivative units (multiple conversions shown).
• Tax withholding / payment of exercise price (code F): 3,176.259 shares withheld at $354.69 → aggregate cash $1,126,588 (listed across separate withholdings).
• Grants/awards (code A): 3,171 + 3,171 + 916 + 704 = 7,962 RSUs awarded on the report (subject to vesting/performance).
• Many converted units show $0 consideration on conversion, indicating settlement/conversion of RSUs or PSUs rather than a cash option purchase.
• Footnotes indicate: performance-based RSUs convert 1:1 to common stock and some settled RSUs reflected actual performance payouts (e.g., 100%, 120%, 150% of target for prior grants). New grants are subject to multi-year performance or time-based vesting and may pay 0%–150% depending on results (see footnotes F10–F13).
• Shares owned after the transactions are not specified in the provided excerpt.
• No late filing was noted in the provided information.

Context

• This was essentially a conversion/settlement of restricted/performance units with company withholding to cover tax obligations (transaction codes M = exercise/conversion, F = tax withholding). The withheld/sold shares to satisfy taxes are routine and do not by themselves signal a directional bet by the insider.
• The filing also reports new RSU awards that carry performance and/or time-based vesting; these are contingent and may convert to shares in future periods depending on company performance and continued employment.