Tyler Technologies Announces Share Repurchase of Up to $200M
In a regulatory filing, Tyler Technologies announced that it has entered into a Rule 10b5-1 trading plan with a brokerage firm to repurchase up to $200M of shares of its common stock. Share repurchases under the Plan may commence March 16, 2026, and will end April 30, 2026. Tyler's share repurchase program was originally announced in October 2002 and was amended at various times from 2003 through 2026. On February 3, 2026, the Board of Directors authorized the repurchase of up to $1B of its common stock, which replaced and superseded all previous authorizations. "The share repurchase program allows us to repurchase shares at our discretion. There is no expiration date specified for the authorization. Our Board of Directors also authorized us to enter into one or more Rule 10b5-1 trading plans for share repurchases. As of March 13, 2026, we have remaining authorization from our Board of Directors to repurchase up to $734.4M of our common stock. Share repurchases are generally funded using our existing cash balances and borrowings under our credit facility."
