Form 4: SS&C Technologies Director Michael Zamkow Executes Stock Option and Sells Shares
SEC Form 4
Director Michael Zamkow exercised stock options and sold shares of SS&C Technologies Holdings Inc. on May 9, 2024.
Summary
- On May 9, 2024, Michael Zamkow, a director of SS&C Technologies Holdings Inc., exercised a stock option to acquire 5,000 shares of common stock at a price of $22.375 per share.
- Simultaneously, Zamkow sold 5,000 shares of common stock at a weighted average price of $63.1441, with prices ranging from $63.090 to $63.195.
- Following these transactions, Zamkow directly owns 38,000 shares of SS&C Technologies.
- He also indirectly owns 2,175 shares through a brokerage account in his adult son's name and 46,200 shares through family trusts.
Sentiment
Score: 5
Explanation: This is a neutral event. A director exercising options and selling shares is a common occurrence and doesn't necessarily indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves a relatively small number of shares compared to the company's overall market capitalization.
- Shareholders may be interested in the director's trading activity as an indicator of their confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/20/2014 | Date the 'time-based' option vested in full. |
| 05/09/2024 | Date of the stock option exercise and share sale. |
| 05/13/2024 | Date of the report filing. |
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