Schell Brian N 4

What Happened

• Brian N. Schell, EVP & CFO of SS&C Technologies (SSNC), had multiple equity awards convert/vest into common stock on Feb 13–14, 2026 (performance and restricted stock units and a small option conversion). In total the reported grants/conversions amounted to about 152,692 shares being issued to him.
• To satisfy tax withholding obligations, 32,858 shares were surrendered/withheld on Feb 13 and 1,780 shares on Feb 14 and were treated as disposed at $72.09 per share, producing proceeds of $2,368,733 and $128,320 respectively — total ~$2,497,053. The conversions/vests themselves were non‑cash awards (reported at $0.00 per share).

Key Details

• Transaction dates: Feb 13–14, 2026. Form 4 filed Feb 18, 2026 (timely).
• Shares received (via conversion/vesting): roughly 152,692 shares (sum of reported grants/conversions).
• Shares withheld/sold for taxes: 34,638 shares (32,858 on 2/13 + 1,780 on 2/14) at $72.09, total ≈ $2,497,053.
• Nature of awards:
  • Performance stock units (PSUs) granted Aug 15, 2023 were certified at 200% of target on Feb 13, 2026 (includes 1,263 dividend-equivalent rights) — these converted one-for-one to common shares.
  • Other restricted stock units (including a 2/14/2025 grant) and a small time-vesting option conversion were also reported (some awards have multi‑year vesting schedules; see footnotes in the filing).
• Shares owned after the transactions were not specified in the provided excerpt.

Context

• These transactions are award vesting/conversions with shares withheld to cover tax liabilities (F code), not open‑market investment purchases or planned sales. That withholding is common practice and should not be read as a directional buy/sell trade.
• For clarity: M = exercise/conversion of derivative awards, A = grant/award, F = payment of exercise price/tax liability (share withholding). The PSU payout at 200% of target amplified the number of shares delivered.