Form 4: SS&C Technologies Holdings Inc. Executive Rahul Kanwar Reports Stock Transactions
SEC Form 4 Filing
Rahul Kanwar, President & COO of SS&C Technologies Holdings Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On March 4, 2024, Rahul Kanwar, President & COO of SS&C Technologies Holdings Inc., reported transactions involving the company's stock.
- Kanwar acquired 17,098 shares of common stock through the conversion of restricted stock units.
- He also disposed of 9,456 shares of common stock at a price of $64.15.
- Following these transactions, Kanwar directly owns 57,642 shares of common stock and 33,802 restricted stock units.
- The restricted stock units convert into common stock on a one-for-one basis and vest in three equal annual installments beginning on the first anniversary of the grant date, which was March 2, 2023.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, providing insight into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 2013-03-05 | Date of Power of Attorney execution. |
| 2023-03-02 | Date of grant for 50,702 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 reported stock transactions: acquisition of 17,098 shares via restricted stock unit conversion and disposal of 9,456 shares at $64.15. |
| 2024-03-05 | Date of signature for the Form 4 filing. |
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