Form 4: SS&C Technologies Holdings Inc: Officer Rahul Kanwar Reports Stock Transactions
SEC Form 4 Filing
Rahul Kanwar, President & COO of SS&C Technologies Holdings Inc, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- On February 24, 2025, Rahul Kanwar, President & COO of SS&C Technologies Holdings Inc, reported transactions involving the company's stock.
- Kanwar converted 15,717 restricted stock units into common stock.
- A portion of the shares (7,043) were disposed of to cover tax obligations at a price of $88.6 per share.
- Following these transactions, Kanwar directly owns 66,316 shares of SS&C Technologies Holdings Inc.
- The reported transactions relate to restricted stock units granted on February 22, 2024, which vest in three equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and their potential impact on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The disposal of shares to cover tax obligations could slightly increase the supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | Date the reporting person was granted 46,483 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 02/22/2025 | Date of earliest transaction. |
| 02/24/2025 | Date of stock transactions: conversion of restricted stock units and disposal of shares for tax obligations. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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