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SS&C Technologies Holdings Inc·4

Feb 18, 8:49 PM ET

White Jason Douglas 4

Research Summary

AI-generated summary

Updated

SS&C SVP Jason White Exercises Awards; Shares Withheld for Taxes

What happened

  • Jason Douglas White, SVP & General Counsel of SS&C Technologies Holdings, converted/exercised equity awards on Feb 13–14, 2026. According to the Form 4, roughly 172,294 shares were issued to him from awards/conversions (including performance and restricted stock units and an option conversion). To cover tax obligations, 40,340 shares were withheld on Feb 13 and 1,651 shares were withheld on Feb 14 at $72.09 per share, generating approximately $2.908M and $0.119M respectively (total ≈ $3.03M). Net shares issued to him after withholding were about 130,303.

Key details

  • Transaction dates: Feb 13, 2026 and Feb 14, 2026; Form 4 filed Feb 18, 2026.
  • Withheld shares for tax: 40,340 @ $72.09 (Feb 13) = $2,908,111; 1,651 @ $72.09 (Feb 14) = $119,021; total ≈ $3,027,132.
  • Awards/issuances: total reported issuance/conversion ≈ 172,294 shares (includes grants/RSUs/PSUs and an option conversion listed in the filing).
  • Shares owned after the transactions: not specified in the information provided in this summary.
  • Footnotes of note:
    • F1: RSUs and PSUs convert to common stock on a one-for-one basis.
    • F2: Performance stock units were granted Mar 2, 2023 and were certified on Feb 13, 2026 as achieving 200% of target (the reported PSU number includes dividend equivalents).
    • F3–F5: describe the vesting schedules for time-vesting options and restricted stock units referenced in the filing.
  • Filing timeliness: Form 4 was filed on Feb 18, 2026 for transactions on Feb 13–14; Form 4s are normally due within two business days of the transaction, so this filing appears to have been submitted after the usual deadline.

Context

  • These transactions are primarily award conversions/vestings (A/M codes) with shares withheld to satisfy tax liabilities (F code). The withheld shares are not an open-market sale for investment purposes but a tax-withholding disposition executed in connection with the vesting/conversion. The PSU vesting at 200% of target (per footnote) explains the large issuance of shares on the reported dates.