Form 4: SS&C Technologies EVP & CFO Brian Schell Reports Stock Option and Restricted Stock Unit Grants
SEC Form 4 Filing
Brian N. Schell, EVP & CFO of SS&C Technologies Holdings Inc, reports the acquisition of stock options and restricted stock units.
Summary
- On February 14, 2025, Brian N. Schell, EVP & CFO of SS&C Technologies Holdings Inc, reported the acquisition of 49,505 stock options with an exercise price of $88.66.
- These options vest as to one quarter on February 14, 2026, and then 1/36 each month thereafter until fully vested on the fourth anniversary of the grant date.
- Schell also acquired 11,280 restricted stock units (RSUs) that vest 1/3 on each of February 14, 2026, 2027, and 2028.
- Following these transactions, Schell directly owns 49,505 stock options and 11,280 RSUs.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, suggesting a stable and incentivized management structure. The sentiment is neutral to slightly positive.
Positives
- The grant of stock options and RSUs to the CFO aligns his interests with those of the shareholders.
- The vesting schedules encourage long-term commitment from the CFO.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure of executive compensation in the form of stock options and restricted stock units, which is a common practice in the technology industry to incentivize and retain key personnel.
Comparison to Industry Standards
- Stock option and RSU grants are standard compensation practices for executives in publicly traded technology companies like SS&C Technologies.
- Companies such as Oracle, SAP, and Accenture also utilize similar equity-based compensation plans to align executive interests with shareholder value.
- The vesting schedules described are typical, with vesting occurring over a period of 3-4 years to encourage long-term commitment.
Stakeholder Impact
- Shareholders may view the equity grants positively as they align management's interests with the company's long-term performance.
- Employees may see this as a positive sign of investment in leadership and the company's future.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction: grant of stock options and restricted stock units |
| 02/14/2026 | First vesting date for both stock options (25%) and RSUs (1/3) |
| 02/14/2027 | Second vesting date for RSUs (1/3) |
| 02/14/2028 | Final vesting date for RSUs (1/3) |
| 02/14/2035 | Expiration date for the stock options |
| 02/19/2025 | Date of Form 4 filing |
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