Form 4: SS&C Technologies Holdings Inc: CEO William Stone Acquires Stock Options and Restricted Stock Units
SEC Form 4 Filing
William C. Stone, Chairman and CEO of SS&C Technologies Holdings Inc, reports the acquisition of stock options and restricted stock units.
Summary
- On February 19, 2025, William C. Stone, Chairman and CEO of SS&C Technologies Holdings Inc, filed a Form 4.
- The filing reports the acquisition of 183,960 stock options at a price of $81.40, vesting based on performance criteria achieved over a 2022-2024 period.
- Stone also acquired 185,644 time-vesting stock options at a price of $88.66, vesting over four years from February 14, 2026.
- Additionally, 42,297 restricted stock units (RSUs) were acquired, vesting in three equal installments on February 14, 2026, 2027, and 2028.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of stock options and RSUs by the CEO suggests confidence in the company's future performance. The vesting of performance-based options indicates the achievement of certain goals.
Positives
- The vesting of performance-based stock options suggests the achievement of certain company goals during the 2022-2024 period.
- The acquisition of additional stock options and RSUs aligns the CEO's interests with those of the shareholders.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the stock options and RSUs.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency regarding their transactions in the company's securities. This filing indicates continued investment and alignment of the CEO with the company's performance.
Comparison to Industry Standards
- Stock option and RSU grants are common compensation practices in the technology industry, used to incentivize and retain key executives.
- Vesting schedules and performance criteria are typically aligned with industry benchmarks to ensure competitive compensation packages.
- Companies like Oracle, SAP, and Microsoft also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The acquisition of stock options and RSUs by the CEO aligns his interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term performance.
- Employees may view this as a positive sign, indicating confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| December 22, 2021 | Reporting person was granted a stock option to purchase a target number of 225,000 shares of common stock which vests based on the achievement of certain performance criteria over a 2022-2024 performance period. |
| February 14, 2025 | Date of transaction for stock options and restricted stock units. |
| February 14, 2026 | First vesting date for time-vesting stock options and restricted stock units. |
| February 14, 2027 | Second vesting date for restricted stock units. |
| February 14, 2028 | Third vesting date for restricted stock units. |
| December 22, 2031 | Expiration date for stock options granted on December 22, 2021. |
| February 14, 2035 | Expiration date for time-vesting stock options. |
| February 19, 2025 | Date of Form 4 filing. |
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