Form 4: SS&C Technologies Director Michael Daniels Reports Stock Vesting

Michael E. Daniels, a director at SS&C Technologies Holdings Inc, reported the vesting of restricted stock units into common stock on May 29, 2024.

Summary

• On May 29, 2024, Michael E. Daniels, a director of SS&C Technologies Holdings Inc, had restricted stock units vest.
• The vesting involved 3,576 restricted stock units, which converted into an equal number of common stock shares.
• These units were initially granted on June 2, 2023, and included 43 dividend equivalent rights.
• Following the transaction, Daniels directly owns 13,576 shares of SS&C Technologies common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider ownership, which can be seen as a positive sign of alignment with shareholder interests.

Positives

• The vesting of restricted stock units indicates a continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for directors at SS&C Technologies.

Stakeholder Impact

• The vesting of stock units aligns the director's interests with those of shareholders.

Key Dates