Form 4: SS&C Technologies CEO William Stone Executes Stock Option and Sells Shares
SEC Form 4 Filing
SS&C Technologies CEO William Stone exercised stock options and sold 247,300 shares of common stock on December 5, 2024.
Summary
- William C. Stone, the Chairman of the Board and CEO of SS&C Technologies Holdings Inc., executed a stock option to acquire 247,300 shares of common stock at a price of $28.265 per share on December 5, 2024.
- On the same day, Mr. Stone sold 247,300 shares of common stock at a weighted average price of $76.6056 per share, with individual sales ranging from $76.50 to $76.80.
- Following these transactions, Mr. Stone directly owns 31,837,926 shares of SS&C Technologies common stock.
- Mr. Stone also holds options to purchase 132,700 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to insider trading. It does not indicate any positive or negative sentiment about the company's performance or future prospects.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive stock option exercises and sales are a common practice in publicly traded companies, particularly in the technology sector.
- The reported transactions are consistent with standard executive compensation practices and are similar to those seen at comparable companies such as Fiserv, Fidelity National Information Services (FIS), and Global Payments.
- The price range of the stock sale is within the typical trading range for SS&C Technologies stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of standard executive compensation practices.
- The sale of shares by the CEO may have a slight downward pressure on the stock price in the short term, but this is not expected to be significant.
Key Dates
| Date | Description |
|---|---|
| 12/19/2018 | The date the time-based stock option vested in full. |
| 12/05/2024 | Date of stock option exercise and share sale. |
| 12/09/2024 | Date the SEC Form 4 was signed. |
Keywords
SS&C Technologies, William Stone, stock options, share sale, insider trading, executive compensation, SEC Form 4
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