SS&C Technologies (SSNC) COO reports RSU exercise and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SS&C Technologies Holdings Inc President & COO Rahul Kanwar reported equity award activity involving restricted stock units and common shares. On March 2, 2026, he exercised 17,560 restricted stock units, which converted one-for-one into 17,560 shares of common stock. On the same date, 9,711 common shares at $75.19 per share were disposed of to cover tax obligations related to the award. After these transactions, Kanwar directly owned 190,370 shares of SS&C common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,560 shares exercised/converted
Mixed
3 txns
Insider
Kanwar Rahul
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,560 | $0.00 | -- |
| Exercise | Common Stock | 17,560 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,711 | $75.19 | $730K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 200,081 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. On March 2, 2023, the reporting person was granted 50,702 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 659 dividend equivalent rights accrued with respect to the underlying restricted stock units.
FAQ
What did SSNC President Rahul Kanwar report in this Form 4?
Rahul Kanwar reported exercising 17,560 restricted stock units into common stock and a related tax-withholding share disposition. These transactions reflect scheduled equity award activity rather than an open-market stock purchase or sale, and leave him holding 190,370 SS&C Technologies common shares directly.
How many SSNC restricted stock units did Rahul Kanwar exercise?
Rahul Kanwar exercised 17,560 restricted stock units, which converted into 17,560 shares of SS&C Technologies common stock on a one-for-one basis. These units are part of a prior grant that vests in three equal annual installments starting on the first anniversary of the March 2, 2023 grant date.
What are the terms of Rahul Kanwar’s March 2, 2023 SSNC RSU grant?
On March 2, 2023, Rahul Kanwar received 50,702 restricted stock units that vest in three equal annual installments starting on the first anniversary of the grant date. Footnotes indicate 659 additional dividend equivalent rights have accrued on this RSU award alongside the underlying restricted stock units.