Form 4: SS&C Technologies Director Jonathan Michael Reports Routine Equity Transactions

Jonathan E. Michael, a Director at SS&C Technologies Holdings Inc., reported the vesting of restricted stock units and the grant of new units, adjusting his beneficial ownership in the company.

Summary

• Jonathan E. Michael, a Director of SS&C Technologies Holdings Inc. (SSNC), reported transactions on May 21, 2025, related to his equity holdings.
• He acquired 3,348 shares of Common Stock through the vesting of restricted stock units (RSUs) that were granted on May 29, 2024, which also included 44 dividend equivalent rights.
• Concurrently, Mr. Michael was granted 2,547 new restricted stock units.
• Following these transactions, Mr. Michael's direct beneficial ownership of Common Stock stands at 76,124 shares, and his indirect ownership through a trust is 67,679 shares.
• He also directly holds 2,547 derivative securities in the form of restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine equity compensation events (vesting and new grant) for a director, which are expected and align management interests with shareholders. There are no negative implications or significant new information that would drastically alter the company's outlook.

Positives

• The vesting of restricted stock units and the grant of new units align the director's interests with those of shareholders, as his compensation is tied to the company's performance.
• The director continues to hold a significant number of shares, indicating ongoing commitment to the company.

Future Outlook

The newly granted restricted stock units are set to vest 100% on the earlier of the first anniversary of their grant date or the date of the issuer's annual general meeting of stockholders held in fiscal 2025.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common for publicly traded companies like SS&C Technologies, a global provider of financial services software and software-enabled services. Such filings provide transparency regarding executive and director equity compensation and ownership changes.

Stakeholder Impact

• Shareholders: The equity transactions align the director's financial interests with those of the shareholders, as his compensation is directly tied to the company's stock performance.

Next Steps

• The newly granted 2,547 restricted stock units will vest 100% on the earlier of their first anniversary of the grant date or the date of the issuer's annual general meeting of stockholders in fiscal 2025.

Key Dates

Keywords

SS&C Technologies, SSNC, Form 4, SEC filing, insider trading, director, stock ownership, restricted stock units, equity compensation, corporate governance