SS&C Technologies (SSNC) grants CFO major new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SS&C Technologies Holdings executive vice president and CFO Brian N. Schell reported multiple equity compensation transactions in company securities. He received grants of 73,588 performance stock units, 65,232 stock options, and 13,872 restricted stock units on February 13, 2026.
The performance stock units were originally granted on August 15, 2023 and became eligible to vest after the Compensation Committee certified on February 13, 2026 that performance goals for the FY2023–FY2025 period were achieved at 200% of target. These units, together with dividend equivalent rights, converted into an equal number of common shares on a one-for-one basis.
Common shares were also issued upon conversion of restricted stock units and performance stock units, and the filing shows dispositions of 32,858 and 1,780 common shares at $72.0900 per share to cover tax withholding obligations. After these transactions, Schell continued to hold a significant number of common shares and unvested equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
77,394 shares exercised/converted
Mixed
9 txns
Insider
Schell Brian N
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,806 | $0.00 | -- |
| Exercise | Common Stock | 3,806 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,780 | $72.09 | $128K |
| Grant/Award | Performance Stock Units | 73,588 | $0.00 | -- |
| Exercise | Performance Stock Units | 73,588 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 65,232 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 13,872 | $0.00 | -- |
| Exercise | Common Stock | 73,588 | $0.00 | -- |
| Tax Withholding | Common Stock | 32,858 | $72.09 | $2.37M |
Holdings After Transaction:
Restricted Stock Units — 7,520 shares (Direct);
Common Stock — 90,924 shares (Direct);
Performance Stock Units — 73,588 shares (Direct);
Stock Option (right to buy) — 65,232 shares (Direct)
Footnotes (1)
- Restricted stock units and performance stock units convert into common stock on a one-for-one basis. The performance stock units were granted on August 15, 2023 and became eligible to vest upon certification by the Compensation Committee on February 13, 2026 that performance goals for the FY2023-FY2025 period were achieved at 200% of target.The number of securities reported in column 5 and 7 includes 1,263 dividend equivalent rights with respect to the underlying performance stock units (prior to adjustment for achievement of performance at 200% of target). Represents a time-vesting stock option, which vests as to one quarter on February 13, 2027 and then 1/36 each month thereafter until fully vested on the fourth anniversary of the date of grant. The Restricted Stock Units vest 1/3 on each of February 13, 2027, 2028 and 2029. On February 14, 2025, the reporting person was granted 11,280 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 46 dividend equivalent rights accrued with respect to the underlying restricted stock units.
FAQ
What equity awards did SS&C (SSNC) grant to CFO Brian Schell?
Brian Schell received 73,588 performance stock units, 65,232 stock options, and 13,872 restricted stock units on February 13, 2026. These awards are part of his equity compensation package and vest over several years based on time and performance conditions.
How did the performance stock units for SS&C (SSNC) CFO vest?
The performance stock units were granted on August 15, 2023 and became eligible to vest when FY2023–FY2025 goals were certified at 200% of target on February 13, 2026. They then converted into common stock on a one-for-one basis, including related dividend equivalents.
What is the vesting schedule of the new SS&C (SSNC) stock options?
The time-vesting stock option covering 65,232 shares vests one quarter on February 13, 2027 and then 1/36 each month thereafter. It becomes fully vested on the fourth anniversary of the grant date, aligning long-term incentives with multi-year company performance.
How do the new SS&C (SSNC) restricted stock units vest for the CFO?
The 13,872 restricted stock units granted on February 13, 2026 vest in three equal installments. One-third vests on each of February 13, 2027, 2028, and 2029, providing a staggered schedule that encourages continued service and alignment with shareholders.
What is the conversion rate for SS&C (SSNC) restricted and performance stock units?
The footnotes state that restricted stock units and performance stock units convert into common stock on a one-for-one basis. This means each unit delivers one share of common stock upon vesting or settlement, excluding any separate impact from dividend equivalent rights.
What are dividend equivalent rights mentioned in the SS&C (SSNC) Form 4?
Dividend equivalent rights are additional units that accrue on underlying awards. The filing notes 1,263 such rights on performance stock units and 46 on restricted stock units, which are included in the reported totals and increase the number of shares delivered at settlement.