Form 4: SS&C Technologies Director Normand Boulanger Reports Routine Equity Compensation Transactions

SS&C Technologies Holdings Inc. Director Normand A. Boulanger reported the vesting of previously granted restricted stock units and the acquisition of new units, increasing his beneficial ownership of common stock.

Summary

• Normand A. Boulanger, a Director of SS&C Technologies Holdings Inc. (SSNC), reported transactions on May 21, 2025.
• The report details the vesting of 3,348 restricted stock units (RSUs) that were granted on May 29, 2024, along with 44 dividend equivalent rights.
• Concurrently, Mr. Boulanger acquired 2,547 new restricted stock units.
• Following these transactions, Mr. Boulanger's direct beneficial ownership of SS&C Technologies common stock stands at 336,924 shares.
• The newly acquired 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 held in fiscal 2026.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects routine equity compensation for a director, which aligns their interests with shareholders and is a standard part of corporate governance. It does not indicate any negative operational or financial news.

Positives

• The vesting and grant of restricted stock units align the director's financial interests with those of the shareholders, promoting long-term value creation.
• The increase in beneficial ownership demonstrates continued commitment from a key director.

Future Outlook

The newly acquired restricted stock units are set to vest 100% on the earlier of their first anniversary of the grant date or the date of the company's annual general meeting of stockholders in fiscal 2026.

Industry Context

The use of restricted stock units as a form of equity compensation for directors and executives is a common and standard practice across various industries, including the financial technology sector, to incentivize long-term performance and align interests with shareholders.

Comparison to Industry Standards

• Equity-based compensation, such as Restricted Stock Units (RSUs), is a widely adopted practice for compensating directors and executives in publicly traded companies across global markets.
• The one-for-one conversion of RSUs to common stock is a standard mechanism for such awards.
• Vesting schedules tied to time (e.g., one-year anniversary) or corporate events (e.g., annual general meeting) are typical for these types of compensation plans.

Related Party Transactions

• The vesting and grant of restricted stock units to a director constitute a routine related-party transaction as part of the company's established equity compensation plan.

Stakeholder Impact

• Shareholders: The equity compensation aligns the director's interests with shareholder value creation, potentially leading to more focused long-term decision-making.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The newly granted restricted stock units are expected to vest 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 2026.

Key Dates

Keywords

SS&C Technologies, SSNC, Form 4, Insider Transaction, Restricted Stock Units, Equity Compensation, Director, Beneficial Ownership