Carter Glenn A 4

What Happened

• Carter Glenn A, a director of Tyler Technologies (TYL), received a grant of 762 restricted stock units (RSUs) on May 5, 2026 (reported as an award, code A). Those RSUs are recorded at $0 (typical for equity awards).
• On May 6, 2026, 452 RSUs vested and were converted/settled into 452 common shares (reported as an exercise/conversion, code M). The filing also shows a disposition of 452 shares at $0 on May 6, 2026 — consistent with shares being withheld to satisfy tax withholding or settlement obligations rather than an open-market sale.

Key Details

• Grant: 762 RSUs acquired on 2026-05-05 (price $0.00; award).
• Vest/Settlement: 452 RSUs converted/settled into 452 shares on 2026-05-06 (code M).
• Disposition: 452 shares shown disposed on 2026-05-06 at $0.00 (likely tax withholding/net settlement).
• RSU mechanics: Each RSU converts 1-for-1 into common stock; RSUs generally vest 100% on the first anniversary of grant per the plan.
• Note from filing: The 452 RSUs settled on May 6, 2026 were granted on May 6, 2025 and vested one year later per the plan terms.
• Shares owned after transaction: Not specified in this filing.
• Filing timing: Reported on 2026-05-06 for transactions occurring May 5–6, 2026 (filed next day; not indicated as late).

Context

• RSU grants and settlements are common compensation events for executives and directors. When vested RSUs are “disposed” at $0 in Form 4s, that typically reflects shares withheld by the company to cover taxes or settlement obligations (a cashless/net settlement), not an open-market sale.
• Awards (A) signal compensation issuance rather than a buy by the insider; disposals tied to net settlement are routine and do not necessarily indicate the insider’s view of the company’s stock price.