Carter Margot Lebenberg 4

What Happened

• Margot Carter Lebenberg, a director of Tyler Technologies (TYL), received a grant of 762 restricted stock units (RSUs) on May 5, 2026 (reported as an Award/Grant, code A).
• Separately, on May 6, 2026, 452 RSUs from a prior grant vested and were converted/exercised (code M). Those 452 shares were simultaneously disposed/withheld to the issuer at $0 — consistent with shares being withheld to satisfy tax obligations on vesting.

Key Details

• Transaction dates: Grant of 762 RSUs on 2026-05-05 (A); conversion/settlement of 452 RSUs on 2026-05-06 (M).
• Prices / proceeds: All RSUs reported at $0; the 452 converted shares were disposed at $0 (no sale proceeds reported).
• Footnotes: RSUs convert one-for-one into common shares and represent contingent rights; RSUs vest 100% on the first anniversary of grant and are settled per the company’s 2018 Stock Incentive Plan. Footnote F4 notes the 452 RSUs were granted May 6, 2025 and vested/settled on their first anniversary.
• Shares owned after transaction: Not disclosed in the provided data.
• Filing timeliness: Form filed 2026-05-06 for transactions dated 2026-05-05/06 (appears timely).

Context

• RSUs are compensation awards that convert into company shares when they vest; they are not open‑market purchases and are generally routine executive/director compensation.
• The conversion followed by a same-day disposal at $0 is typically how companies satisfy tax withholding obligations when RSUs vest (i.e., shares are withheld instead of cash payment).
• Such awards and vestings are informational for shareholders but do not necessarily indicate the insider’s view on the stock; outright purchases are usually a clearer bullish signal.