Kanwar Rahul 4

What Happened

• Rahul Kanwar, President & COO of SS&C Technologies (SSNC), had restricted stock units / performance stock units (derivative awards) convert/exercise into common stock following certification of performance and time-based vesting. The filing reports multiple awards on Feb 13, 2026 (including 210,715; 195,695; and 41,615-share awards) and conversion/exercise entries on Feb 13–14, 2026.
• To satisfy tax withholding obligations the company withheld and disposed of 116,158 shares on Feb 13, 2026 at $72.09 per share for proceeds of $8,373,830, and withheld 4,663 shares on Feb 14, 2026 at $72.09 for $336,156 — a total of 120,821 shares withheld and ~$8.71 million raised. The transactions are reported as awards/derivative conversions with tax-withholding share dispositions (code F).

Key Details

• Transaction dates and prices: Feb 13–14, 2026; tax withholding disposals at $72.09/share (116,158 shares for $8,373,830 on Feb 13; 4,663 shares for $336,156 on Feb 14).
• Awards reported on Feb 13, 2026 included 210,715; 195,695; and 41,615 derivative awards (RSUs/PSUs) that converted/exercised into common stock per the Form 4.
• Total shares withheld/sold for taxes: 120,821 shares; total cash realized from withholding: ~$8.71M.
• Footnotes of note:
  • F1: RSUs and PSUs convert 1:1 into common stock.
  • F2: The PSUs (granted Mar 2, 2023) were certified at 200% of target for FY2023–FY2025, and the reported number includes 3,954 dividend equivalents prior to adjustment for performance.
  • F3–F5: Additional footnotes describe ongoing time-based vesting schedules for options and RSUs (standard multi-year vesting).
• Shares owned after transaction: not specified in the information you provided from the filing.
• Filing timeliness: Form 4 was filed on Feb 18, 2026 reporting activity on Feb 13–14, 2026; this appears to be filed after the typical two-business-day window (the filing shows a one-day delay), so it was effectively late.

Context

• These transactions reflect award vesting/conversion and tax-withholding (a common “cashless” settlement to cover taxes), not an open-market sale for investment purposes. The key signal here is that PSUs were certified at 200% of target (per F2), triggering a large vested payout; the withheld shares were used to satisfy tax obligations.
• No 10% owner issues or gifts are indicated; this is routine executive compensation settlement activity rather than a discretionary insider purchase or market sale.