Form 4: SS&C Technologies GC White Reports Significant Equity Transactions

SS&C Technologies' SVP & General Counsel, Jason Douglas White, reported the vesting and exercise of performance stock units and restricted stock units, alongside the grant of new stock options and RSUs.

Summary

• Jason Douglas White, SVP & General Counsel of SS&C Technologies Holdings Inc (SSNC), reported multiple equity transactions.
• 79,020 Performance Stock Units (PSUs) converted to common stock on February 13, 2026, following the Compensation Committee's certification that performance goals for the FY2023-FY2025 period were achieved at 200% of target.
• 4,282 Restricted Stock Units (RSUs) converted to common stock on February 14, 2026, representing a portion of a grant from February 14, 2025.
• A total of 40,340 shares and 1,651 shares of common stock were disposed of on February 13 and 14, 2026, respectively, at a price of $72.09 per share, primarily for tax withholding purposes related to the equity vesting.
• 73,386 new stock options were granted on February 13, 2026, with an exercise price of $72.09 and an expiration date of February 13, 2036.
• 15,606 new Restricted Stock Units (RSUs) were granted on February 13, 2026.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a positive indicator, reflecting strong company performance that led to the vesting of performance-based equity at a high achievement rate, alongside ongoing executive incentive alignment.

Positives

• Achievement of performance goals at 200% of target for FY2023-FY2025, leading to the vesting of 79,020 Performance Stock Units, indicates strong company performance.
• Grant of new stock options (73,386 units) and Restricted Stock Units (15,606 units) to a key executive, aligning management incentives with shareholder interests.

Negatives

• Disposition of 41,991 shares of common stock for tax withholding purposes, which reduces the executive's direct ownership.

Future Outlook

New stock options will vest as to one quarter on February 13, 2027, and then 1/36 each month thereafter until fully vested on the fourth anniversary of the grant date (February 13, 2030). The 15,606 new Restricted Stock Units will vest 1/3 on each of February 13, 2027, 2028, and 2029. The remaining 8,459 Restricted Stock Units from the February 14, 2025 grant will vest in two equal annual installments on February 14, 2027, and February 14, 2028.

Industry Context

StockSavvy.ai notes that executive equity compensation, particularly through performance-based units and stock options, is a standard practice in the technology and financial services industry to align management incentives with long-term shareholder value creation. The achievement of 200% of performance targets suggests strong operational execution within SS&C's competitive landscape.

Comparison to Industry Standards

• The 200% achievement of performance goals for PSUs is a strong indicator, potentially outperforming typical target achievements seen in peer companies within the financial technology sector, where performance hurdles are often challenging.
• The vesting schedules for stock options (4-year vesting with a 1-year cliff) and RSUs (3-year annual vesting) are common structures designed to retain key talent and incentivize sustained performance, comparable to practices at companies like Fidelity National Information Services (FIS) or Broadridge Financial Solutions (BR).

Related Party Transactions

• The filing details equity compensation transactions between an executive (Jason Douglas White) and the company (SS&C Technologies Holdings Inc), which are inherently related-party dealings.

Stakeholder Impact

• Shareholders: The achievement of 200% of performance targets for PSUs suggests strong company performance, which is generally positive for shareholder value. The grant of new equity incentives aligns executive interests with long-term shareholder returns.
• Employees: The company's strong performance, as indicated by the PSU vesting, could signal a healthy and rewarding work environment.

Next Steps

• Vesting of 1/4 of the newly granted stock options on February 13, 2027, with monthly vesting thereafter until fully vested on February 13, 2030.
• First 1/3 vesting of the newly granted Restricted Stock Units on February 13, 2027, with subsequent annual vesting on February 13, 2028, and February 13, 2029.
• Remaining vesting of the 2025 RSU grant on February 14, 2027, and February 14, 2028.

Key Dates

Recommendation

While the filing indicates strong company performance through the achievement of performance targets and aligns executive incentives, it is primarily an insider transaction report. It doesn't provide new fundamental financial data to warrant a change in investment stance, but rather confirms positive operational execution. Investors should hold and monitor future financial reports for broader company performance.

Keywords

SS&C Technologies, SSNC, Jason Douglas White, Form 4, insider transaction, beneficial ownership, stock options, restricted stock units, performance stock units, equity compensation, executive compensation