Large equity awards vest for SS&C (NASDAQ: SSNC) president & COO
Rhea-AI Filing Summary
SS&C Technologies Holdings Inc President & COO Rahul Kanwar reported multiple equity award transactions. On February 13, 2026, a performance stock unit award of 210,715 units (including 3,954 dividend equivalent rights tied to FY2023–FY2025 goals achieved at 200% of target) vested and converted one-for-one into common stock. He also received new grants of 195,695 time-vesting stock options and 41,615 restricted stock units, which vest over several years. On February 13 and 14, 2026, vested performance and restricted stock units converted into a total of 222,133 common shares, while the company withheld 116,158 and 4,663 shares at a price of $72.09 per share to cover tax obligations. After these transactions, Kanwar directly owned 175,409 shares of common stock and held additional unvested equity awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,418 | $0.00 | -- |
| Exercise | Common Stock | 11,418 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,663 | $72.09 | $336K |
| Grant/Award | Performance Stock Units | 210,715 | $0.00 | -- |
| Exercise | Performance Stock Units | 210,715 | $0.00 | -- |
| Grant/Award | Stock Option (right to buy) | 195,695 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 41,615 | $0.00 | -- |
| Exercise | Common Stock | 210,715 | $0.00 | -- |
| Tax Withholding | Common Stock | 116,158 | $72.09 | $8.37M |
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 March 2, 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 3,954 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 33,838 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 139 dividend equivalent rights accrued with respect to the underlying restricted stock units.