Form 4: SS&C Technologies Holdings Inc: CEO William C. Stone Reports Stock Transactions
SEC Form 4 Filing
William C. Stone, Chairman and CEO of SS&C Technologies Holdings Inc, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 4, 2024, William C. Stone, Chairman and CEO of SS&C Technologies Holdings Inc, reported transactions involving the company's stock.
- Stone acquired 21,373 shares of common stock through the conversion of restricted stock units.
- He also disposed of 8,411 shares to cover tax obligations at a price of $64.15 per share.
- Following these transactions, Stone directly owns 31,954,586 shares of SS&C Technologies Holdings Inc.
- The reported transactions also involved 21,373 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to stock options and tax obligations. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to gauge management's confidence in the company's prospects.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis.
- Comparing Stone's transactions to those of executives at peer companies like Fiserv, Fidelity National Information Services (FIS), and Global Payments can provide insights into relative valuation and sentiment within the financial technology sector.
- Significant and consistent insider buying might signal undervaluation, while heavy selling could indicate concerns about future performance.
Key Dates
| Date | Description |
|---|---|
| 2013/03/07 | Date of Power of Attorney execution. |
| 2023/03/02 | Date the reporting person was granted 63,377 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 2024/03/02 | First anniversary of the grant date of the restricted stock units. |
| 2024/03/04 | Date of stock transactions (acquisition and disposal). |
| 2024/03/05 | Date of signature by attorney-in-fact. |
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