SS&C Technologies (SSNC) CFO covers taxes with shares
Rhea-AI Filing Summary
SS&C Technologies Holdings Inc (SSNC) reported insider equity activity by EVP & CFO Brian N. Schell. On August 15, 2026, 40,170 restricted stock units were exercised, converting on a one-for-one basis into 40,170 shares of common stock. On the same date, 17,937 common shares were delivered or withheld at $81.50 per share for payment of exercise price or tax liability. Following the transaction, the reported restricted stock unit position from this grant was reduced to 0.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,233 shares
Net Buy
3 txns
Insider
Schell Brian N
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 40,170 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 40,170 | -- | -- |
| Exercise Price or Tax Liability | Common Stock | 17,937 | $81.50 | $1.46M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 114,312 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. On August 15, 2023, the reporting person was granted 115,474 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. The number of securities reported in columns 5 and 7 includes 1,679 dividend equivalent rights accrued with respect to the underlying restricted stock units.
Key Figures
RSUs Exercised: 40,170 units
Common Shares Acquired from RSUs: 40,170 shares
Shares Delivered/Withheld for Exercise Price or Taxes: 17,937 shares
+3 more
6 metrics
RSUs Exercised
40,170 units
Restricted stock units converted into common stock on August 15, 2026
Common Shares Acquired from RSUs
40,170 shares
Common stock received upon RSU conversion on August 15, 2026
Shares Delivered/Withheld for Exercise Price or Taxes
17,937 shares
Code F transaction on August 15, 2026
Exercise Price or Tax Liability Share Price
$81.50 per share
Price for 17,937 shares delivered or withheld under code F
Original RSU Grant
115,474 units
Restricted stock units granted on August 15, 2023, vesting over three years
Dividend Equivalent Rights
1,679 rights
Rights accrued with respect to the underlying restricted stock units
Key Terms
Restricted Stock Units, dividend equivalent rights, exercise price or tax liability, Rule 10b5-1
4 terms
Restricted Stock Units financial
"Restricted stock units 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.
dividend equivalent rights financial
"includes 1,679 dividend equivalent rights accrued with respect to the underlying"
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 price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did SSNC EVP & CFO Brian N. Schell report on August 15, 2026?
Brian N. Schell reported exercising 40,170 restricted stock units into an equal number of SSNC common shares. These RSUs converted on a one-for-one basis into common stock, reflecting equity compensation vesting rather than an open-market purchase or sale.
Was the SSNC Form 4 transaction by Brian N. Schell under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating the transactions were made pursuant to a Rule 10b5-1 trading plan. The report therefore does not characterize these trades as pre-arranged under such a plan.
What prior RSU grant underlies the August 15, 2026 SSNC Form 4 transactions?
A footnote states that on August 15, 2023, the reporting person received 115,474 restricted stock units, vesting in three equal annual installments. The same note indicates this total includes 1,679 dividend equivalent rights accrued on the underlying RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
