0001240085-23-000007.txt : 20230303
0001240085-23-000007.hdr.sgml : 20230303
20230303175709
ACCESSION NUMBER: 0001240085-23-000007
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230301
FILED AS OF DATE: 20230303
DATE AS OF CHANGE: 20230303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MOORE H LYNN JR
CENTRAL INDEX KEY: 0001250902
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10485
FILM NUMBER: 23706340
MAIL ADDRESS:
STREET 1: 5101 TENNYSON PARKWAY
CITY: PLANO
STATE: TX
ZIP: 75024
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TYLER TECHNOLOGIES INC
CENTRAL INDEX KEY: 0000860731
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 752303920
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5101 TENNYSON PKWY
CITY: PLANO
STATE: TX
ZIP: 75024
BUSINESS PHONE: 9727133700
MAIL ADDRESS:
STREET 1: 5101 TENNYSON PKWY
CITY: PLANO
STATE: TX
ZIP: 75024
FORMER COMPANY:
FORMER CONFORMED NAME: TYLER CORP /NEW/
DATE OF NAME CHANGE: 19930328
FORMER COMPANY:
FORMER CONFORMED NAME: TYLER THREE INC
DATE OF NAME CHANGE: 19600201
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2023-03-01
0
0000860731
TYLER TECHNOLOGIES INC
TYL
0001250902
MOORE H LYNN JR
5101 TENNYSON PARKWAY
PLANO
TX
75024
1
1
0
0
President and CEO
Common Stock
2023-03-01
4
M
0
6000
A
91015.4097
D
Common Stock
2023-03-01
4
F
0
2361
320.1
D
88654.4097
D
Common Stock
2023-03-01
4
M
0
2400
A
90708.4097
D
Common Stock
2023-03-01
4
F
0
808
320.1
D
89905.4097
D
Performance-Based Restricted Stock Unit
2023-03-01
4
M
0
6000
0
D
Common Stock
6000
0
D
Performance-Based Restricted Stock Unit
2023-03-01
4
M
0
2400
0
D
Common Stock
2400
0
D
Performance-Based Restricted Stock Unit
2023-03-01
4
A
0
10153
0
A
Common Stock
10153
10153
D
Performance-Based Restricted Stock Unit
2023-03-01
4
A
0
10153
0
A
Common Stock
10153
10153
D
Performance-Based Restricted Stock Unit
2023-03-01
4
A
0
2108
0
A
Common Stock
2108
2108
D
Restricted Stock Unit
2023-03-01
4
A
0
3124
0
A
Common Stock
3124
3124
D
Performance-based restricted stock units convert into common stock on a one-on-one basis.
On March 1, 2020, the reporting person was granted performance-based restricted stock units based upon cumulative revenue growth over a three-year period ending on December 31, 2022 and continued employment through March 1, 2023. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 120% of target performance (whereas the number of units originally reported in connection with the grant reflected assumed target performance).
On March 1, 2022, the reporting person was granted performance-based restricted stock units based upon non-GAAP earnings per share for the one-year period ending December 31, 2022 and continued employment through March 1, 2023. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 110% of target performance (whereas the number of units originally reported in connection with the grant reflected assumed target performance).
Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock.
Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative recurring revenue growth over the three-year performance period ending December 31, 2025 and continued employment through March 1, 2026. The number of vested restricted stock units will be settled by the issuer in issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded.
Vesting is subject to the issuer's achievement of long-term performance goals based upon operating margin for the year ending December 31, 2025 and continued employment through March 1, 2026. The number of vested restricted stock units will be settled by the issuer in issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded.
Vesting is subject to the issuer's achievement of short-term performance goals based upon non-GAAP earnings per share for the one-year performance period ending December 31, 2023 and continued employment through March 1, 2024. The number of vested restricted stock units will be settled by the issuer in issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 175% of the restricted stock units awarded.
Each restricted stock unit represents a contingent right to receive one share of Issuer common stock.
The restricted stock units vest in equal installments on each of the first, second, and third anniversaries of the date of grant and will be settled by the Issuer on such dates, subject to the terms and conditions of the Issuer's 2018 Stock Incentive Plan.
Randall G. Ray, attorney-in-fact
2023-03-03