SSNC Form 4: Brian Schell RSU Conversion and Share Sale Disclosed
Rhea-AI Filing Summary
Insider transactions by SS&C Technologies (SSNC) show Brian N. Schell, EVP & CFO, received 39,616 restricted stock units (RSUs) that converted into common stock on 08/15/2025 and reported as an acquisition (code M). On the same date he disposed of 18,521 shares of common stock at $86.83 per share (code F). The filing discloses that the RSUs were originally granted on 08/15/2023 as 115,474 units vesting in three equal annual installments and include 1,124 dividend equivalent rights. The Form 4 is signed by an attorney-in-fact on behalf of Mr. Schell and reports both non-derivative and derivative-security entries reflecting the vesting conversion and the sale.
Positive
- Conversion of 39,616 RSUs into common stock is disclosed, showing compensation vesting is being executed as scheduled
- Full grant history provided: the filing states the original grant of 115,474 RSUs and vesting schedule, improving transparency
Negative
- Sale of 18,521 shares at $86.83 reduced the reporting person's direct holdings on the reported date
Insights
TL;DR: Transactions are a routine RSU vesting conversion plus a partial sale; not immediately material to company operations.
The Form 4 shows a conversion of 39,616 RSUs into common stock and a contemporaneous disposal of 18,521 shares at $86.83. The RSUs trace to an 08/15/2023 grant of 115,474 units vesting in three equal annual tranches, which explains the conversion event. These entries are consistent with standard executive compensation vesting and a partial sale likely tied to liquidity or tax needs. The filing provides explicit counts of securities beneficially owned after each reported transaction line (64,909 and 46,388 shares) and derivative-security detail listing 39,616 underlying shares from the RSUs.
TL;DR: Disclosure aligns with Section 16 reporting requirements and documents vesting-driven conversion plus a sale by an officer.
The report identifies Brian N. Schell as an officer (EVP & CFO) and provides transaction codes and counts required by Form 4: an M-coded conversion of RSUs into common stock and an F-coded sale at a specified price of $86.83. The grant terms referenced (115,474 RSUs, three-year vesting) are explicitly stated, supporting transparency on the origin of converted units. Signature by an attorney-in-fact is also disclosed. From a governance perspective, the filing contains the expected detail for routine compensation-related activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39,616 | $0.00 | -- |
| Exercise | Common Stock | 39,616 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,521 | $86.83 | $1.61M |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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 1,124 dividend equivalent rights accrued with respect to the underlying restricted stock units.
