SS&C Technologies (SSNC) president converts RSUs, withholds shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SS&C Technologies Holdings President & COO Rahul Kanwar converted 15,913 restricted stock units into common stock at $0 per share, reflecting an equity award vesting. To cover tax obligations, 8,801 common shares were disposed of at $71.38 per share, leaving him with 182,521 directly held common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,913 shares exercised/converted
Mixed
3 txns
Insider
Kanwar Rahul
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,913 | $0.00 | -- |
| Exercise | Common Stock | 15,913 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,801 | $71.38 | $628K |
Holdings After Transaction:
Restricted Stock Units — 15,495 shares (Direct);
Common Stock — 191,322 shares (Direct)
Footnotes (1)
- Restricted stock units and performance stock units convert into common stock on a one-for-one basis. On February 22, 2024, the reporting person was granted 46,483 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 418 dividend equivalent rights accrued with respect to the underlying restricted stock units.
FAQ
What insider transactions did SSNC executive Rahul Kanwar report?
Rahul Kanwar reported converting 15,913 restricted stock units into common stock and disposing of 8,801 common shares to satisfy tax obligations at $71.38 per share, resulting in 182,521 directly held common shares after these transactions.
Was the SSNC Form 4 transaction a stock sale on the open market?
No, the Form 4 for SSNC shows a tax-withholding disposition, not an open-market sale. 8,801 common shares were delivered to satisfy tax liabilities related to the vesting and conversion of 15,913 restricted stock units into common stock.
What equity award activity is disclosed for SSNC on February 22, 2026?
The filing shows 15,913 restricted stock units converted one-for-one into SS&C Technologies common stock at $0 per share. It also shows 8,801 common shares disposed of at $71.38 per share to satisfy tax obligations tied to that equity award vesting.
How do SSNC restricted stock units convert into common stock?
For SSNC, the Form 4 notes that restricted stock units and performance stock units convert into common stock on a one-for-one basis. This means each vested unit becomes one share of common stock when it is settled for the reporting person.
What prior SSNC equity grant is referenced in the Form 4 footnotes?
A prior grant on February 22, 2024 awarded 46,483 restricted stock units vesting in three equal annual installments. The Form 4 notes that figures reported include 418 dividend equivalent rights that accrued on those underlying restricted stock units for SS&C Technologies.