SS&C director exercises options, sells 2,740 shares
SS&C Technologies Holdings Inc director Jonathan E. Michael reported multiple equity transactions in company stock.
Rhea-AI Filing Summary
SS&C Technologies Holdings Inc director Jonathan E. Michael reported multiple equity transactions in company stock. He exercised stock options and vested restricted stock units to acquire a total of 8,580 common shares, including 6,000 shares from options at a $30.445 exercise price and 2,580 shares from vested restricted stock units.
On the same date, he sold 2,740 common shares in an open-market transaction at $66.86 per share. After these transactions, he holds 79,384 common shares directly and 67,679 common shares indirectly through a trust, along with a new grant of 3,200 restricted stock units that will convert into common stock on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
MICHAEL JONATHAN E
Role
Director
Sold
2,740 shs ($183K)
Approx. gross sale proceeds
$183K
Approx. exercise cost
$183K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 6,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,580 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 3,200 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,000 | $30.445 | $183K |
| Sale | Common Stock | 2,740 | $66.86 | $183K |
| Exercise | Common Stock | 2,580 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Restricted Stock Units — 3,200 contracts (Direct);
Common Stock — 81,964 shares (Direct);
Common Stock — 67,679 shares (Indirect, Through trust)
Footnotes (4)
- F1. Reflects the vesting of restricted stock units granted to the reporting person on May 21, 2025, together with 33 dividend equivalent rights accrued thereon.
- F2. Restricted stock units convert into common stock on a one-for-one basis.
- F3. The stock option was fully vested as of the date of the grant.
- F4. The restricted stock units vest 100% on the earlier of (i) the first anniversary of the grant date and (ii) the date of the issuer's annual general meeting of stockholders held in fiscal 2027.
Key Figures
Open-market sale: 2,740 shares at $66.86
Options exercised: 6,000 shares at $30.445
RSUs vested: 2,580 units
+4 more
7 metrics
Open-market sale
2,740 shares at $66.86
Common Stock sale on May 20, 2026
Options exercised
6,000 shares at $30.445
Stock option exercise on May 20, 2026
RSUs vested
2,580 units
Restricted stock units vesting on May 20, 2026
New RSU grant
3,200 units
Restricted stock unit award on May 20, 2026
Direct holdings after transactions
79,384 shares
Common Stock directly owned after May 20, 2026
Indirect holdings through trust
67,679 shares
Common Stock held indirectly through trust after May 20, 2026
Total derivative exercises
8,580 shares
Exercise of derivative securities on May 20, 2026
Key Terms
Restricted Stock Units, Stock Option (right to buy), dividend equivalent rights, Exercise or conversion of derivative security
4 terms
Restricted Stock Units financial
"The filing reports transactions in "Restricted Stock Units" that convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Option (right to buy) financial
"One derivative transaction involves a "Stock Option (right to buy)" with a $30.445 exercise price."
dividend equivalent rights financial
"Footnotes note vesting of restricted stock units together with 33 "dividend equivalent rights" accrued thereon."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Exercise or conversion of derivative security financial
"Code M is described as an "Exercise or conversion of derivative security" for several transactions."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SSNC director Jonathan E. Michael report?
Jonathan E. Michael reported exercising derivatives to acquire 8,580 SSNC common shares and selling 2,740 shares in the open market. He also received a new grant of 3,200 restricted stock units that will convert into common stock on a one-for-one basis.
What options and restricted stock units did the SSNC director exercise or vest?
He exercised stock options for 6,000 SSNC shares at an exercise price of $30.445 and vested 2,580 restricted stock units. Footnotes state restricted stock units convert into common stock on a one-for-one basis and that the stock option was fully vested when granted.
What new equity award did the SSNC director receive?
He received a grant of 3,200 restricted stock units linked to SSNC common stock. According to the footnotes, these units vest 100% on the earlier of the first anniversary of the grant date or the issuer’s annual general meeting of stockholders held in fiscal 2027.
How do the restricted stock units in this SSNC filing work?
The filing states that restricted stock units convert into SSNC common stock on a one-for-one basis. Footnotes also note the vesting schedule and that the reported vesting included 33 dividend equivalent rights that had accrued on the original restricted stock unit grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
