Form 4: SS&C Technologies Director Michael Zamkow Exercises Options and Sells Shares
SEC Form 4 Filing
Director Michael Zamkow of SS&C Technologies Holdings Inc. exercised stock options and sold 10,000 shares of common stock on June 4, 2024.
Summary
- On June 4, 2024, Michael Zamkow, a director of SS&C Technologies Holdings Inc., exercised stock options to acquire 10,000 shares of common stock at a price of $22.375 per share.
- Simultaneously, Zamkow sold 10,000 shares of SS&C common stock at a weighted average price of $61.6925, with prices ranging from $61.60 to $61.78.
- Following these transactions, Zamkow directly owns 41,576 shares of SS&C common stock.
- He also indirectly owns 2,175 shares through a brokerage account in his adult son's name and 46,200 shares through family trusts, but disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
- The stock option exercised was a time-based option that vested fully on June 20, 2014.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard transaction by a company director. There's no indication of positive or negative implications for the company's performance.
Industry Context
This filing reflects the standard practice of corporate insiders managing their equity holdings in accordance with company policies and securities regulations. It's a routine transaction and doesn't necessarily indicate a change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 06/20/2014 | Date the stock option vested in full. |
| 06/04/2024 | Date of the transaction: exercise of stock options and sale of shares. |
| 06/05/2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.