Teed Andrew D. 4

What Happened

• Andrew D. Teed, a director of Tyler Technologies (TYL), received a grant of 762 restricted stock units (RSUs) on May 5, 2026 (award, code A). Separately, 452 RSUs that vested (granted May 6, 2025) were settled on May 6, 2026 — those 452 converted to common shares and an equal number were disposed/withheld (no cash reported). All RSU items show $0.00 per share (typical for awards) and no cash proceeds.

Key Details

• Transactions: May 5, 2026 — 762 RSUs granted at $0.00 (A); May 6, 2026 — 452 RSUs converted/settled (M), with 452 shares shown as disposed/withheld at $0.00.
• Vesting/settlement: Per filing footnotes, each RSU converts one-for-one into common stock and vests 100% on the first anniversary of the grant; settled by issuer on vesting date (see F1, F3–F5).
• Ownership after transaction: The filing does not state an aggregate post-transaction share total. Footnote F2 notes 2,000 shares are indirectly owned via a trust for which Mr. Teed has shared voting/dispositive power.
• Timing: Reported with a filing dated May 6, 2026 for transactions on May 5–6, 2026 — appears timely (no late filing flag).
• Tax withholding: The 452-share disposition at $0.00 is consistent with shares withheld/retained to satisfy tax withholding on vested RSUs (routine, noted in footnote F5).

Context

• These were equity awards/settlements (RSUs), not open-market purchases or sales. RSU grants and settlements are common compensation events and do not necessarily signal buy/sell intent. The conversion and immediate withholding of 452 shares appears to be a standard net settlement/tax withholding on vested RSUs rather than a market sale.