Form 4: SS&C Technologies Director Michael Daniels Reports Stock Transactions
SEC Form 4
Director Michael E. Daniels of SS&C Technologies Holdings Inc. reports the exercise of stock options and subsequent sale of shares on May 8, 2024.
Summary
- On May 8, 2024, Michael E. Daniels, a director of SS&C Technologies Holdings Inc., executed transactions involving the company's common stock.
- Daniels exercised options to acquire 6,000 shares of common stock at a price of $21.385 per share.
- Following the exercise, Daniels sold 6,000 shares at a weighted average price of $62.814, with prices ranging from $62.765 to $62.87.
- After these transactions, Daniels directly owns 10,000 shares of SS&C Technologies Holdings Inc.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the buying and selling activities of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
- The transactions are unlikely to have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 05/29/2014 | Date the 'time-based' option vested in full. |
| 05/08/2024 | Date of the stock option exercise and sale of shares. |
| 05/10/2024 | Date of the signature on the Form 4 filing. |
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