Form 4: SS&C CFO Brian Schell's RSU Vesting & Stock Sale

SS&C Technologies CFO Brian Schell converted restricted stock units into common stock and subsequently sold shares to cover tax obligations.

Summary

• Brian Schell, EVP & CFO of SS&C Technologies Holdings Inc. (SSNC), reported changes in his beneficial ownership of company securities.
• On August 15, 2025, 39,616 Restricted Stock Units (RSUs) vested and converted into an equal number of common shares.
• These RSUs were part of a larger grant of 115,474 units awarded on August 15, 2023, designed to vest in three equal annual installments.
• The 39,616 converted RSUs include 1,124 dividend equivalent rights that had accrued.
• Concurrently with the vesting, 18,521 shares of common stock were disposed of at a price of $86.83 per share, likely to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Brian Schell directly beneficially owns 46,388 shares of common stock and 38,491 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares, likely for tax purposes. This is a standard event for executive compensation and does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• The vesting of 39,616 Restricted Stock Units demonstrates the successful execution of a long-term incentive compensation plan for the EVP & CFO, aligning executive interests with shareholder value creation over time.

Negatives

• The disposition of 18,521 shares of common stock, even if primarily for tax purposes, results in a reduction of the EVP & CFO's direct equity stake in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction represents a routine compensation event for an executive, with a minor increase in outstanding shares from RSU conversion partially offset by the tax-related sale.
• Management (Brian Schell): The EVP & CFO's direct common stock ownership increased from the RSU conversion, though a portion was sold for tax purposes, and he retains significant RSU holdings.

Next Steps

• Remaining two equal annual installments of the 115,474 Restricted Stock Units granted on August 15, 2023, are expected to vest on subsequent anniversaries of the grant date.

Key Dates

Recommendation

The filing details a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations. This is a common occurrence for executive compensation and does not provide new fundamental information to warrant a change in investment recommendation. It reflects the execution of a pre-existing compensation plan rather than a discretionary buy or sell decision based on new company performance insights.

Keywords

SS&C Technologies, SSNC, Brian Schell, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, CFO