SS&C Technologies (SSNC) director gains shares through RSU vesting and new grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SS&C Technologies Holdings director Smita Conjeevaram reported equity compensation activity involving restricted stock units and common shares. On May 20, 2026, 2,580 restricted stock units vested and were exercised into common stock, bringing her directly held common stock to 15,504 shares.
The filing also shows a grant of 3,200 new restricted stock units, which each convert into one share of common stock. Footnotes state that settlement of shares from the vested units, including related dividend equivalent rights, has been deferred to June 1, 2028, and settlement for the new grant is deferred to June 1, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,580 shares exercised/converted
Mixed
3 txns
Insider
Conjeevaram Smita
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,580 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,200 | $0.00 | -- |
| Exercise | Common Stock | 2,580 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 15,504 shares (Direct, null)
Footnotes (1)
- Reflects the vesting of restricted stock units granted to the reporting person on May 21, 2025, together with 33 dividend equivalent rights accrued thereon. The Reporting Person has elected to defer settlement of the shares underlying the RSUs and related dividend equivalents until June 1, 2028. Restricted stock units convert into common stock on a one-for-one basis. 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. The Reporting Person has elected to defer settlement of the shares underlying the restricted stock units and related dividend equivalents until June 1, 2029.
Key Figures
Common shares after transactions: 15,504 shares
RSUs vested and exercised: 2,580 units
New RSU grant: 3,200 units
+3 more
6 metrics
Common shares after transactions
15,504 shares
Directly held common stock following May 20, 2026 transactions
RSUs vested and exercised
2,580 units
Restricted stock units converting into common stock on May 20, 2026
New RSU grant
3,200 units
Restricted stock units granted on May 20, 2026
RSU conversion ratio
1:1
Each restricted stock unit converts into one common share
Deferred settlement date (vested RSUs)
June 1, 2028
Settlement of shares from vested RSUs and dividend equivalents
Deferred settlement date (new RSUs)
June 1, 2029
Settlement of shares from new 3,200 RSU grant and dividend equivalents
Key Terms
Restricted Stock Units, dividend equivalent rights, deferral, annual general meeting of stockholders
4 terms
Restricted Stock Units financial
"The filing also shows a grant of 3,200 new restricted stock units, which each convert into one share of common stock."
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.
dividend equivalent rights financial
"Reflects the vesting of restricted stock units granted to the reporting person, 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.
deferral financial
"The Reporting Person has elected to defer settlement of the shares underlying the RSUs and related dividend equivalents until June 1, 2028."
annual general meeting of stockholders financial
"The restricted stock units vest 100% on the earlier of the first anniversary of the grant date and the date of the issuer's annual general meeting of stockholders."
FAQ
What insider transactions did SSNC director Smita Conjeevaram report on May 20, 2026?
Smita Conjeevaram reported vesting and exercise of 2,580 restricted stock units into common stock and received a new grant of 3,200 restricted stock units. These are equity compensation-related acquisitions, not open-market purchases or sales.
What restricted stock unit grant did SSNC report for Smita Conjeevaram?
The filing shows a grant of 3,200 restricted stock units to Smita Conjeevaram on May 20, 2026. Each unit converts into one share of common stock, representing a deferred form of equity compensation rather than an immediate cash-based payment.
When will the vested and newly granted SSNC restricted stock units be settled?
For previously granted units that vested, settlement of the underlying shares and related dividend equivalent rights is deferred until June 1, 2028. For the new 3,200-unit grant, settlement of the underlying shares and dividend equivalents is deferred until June 1, 2029.
Are the SSNC transactions by Smita Conjeevaram open-market buys or sales?
No. The Form 4 shows derivative exercises and a grant coded as M and A, indicating vesting and conversion of restricted stock units and a new RSU award. There are no open-market purchase (P) or sale (S) transactions reported.