Schell Brian N 4

What Happened

• Brian N. Schell, EVP & CFO of SS&C Technologies (SSNC), had 5,304 restricted/performance units convert into common stock on Feb 22, 2026. Of those shares, 2,369 were withheld to satisfy tax liabilities at $71.38 per share (tax withholding value ≈ $169,099), leaving 2,935 shares delivered to him net.
• This was a conversion/settlement of equity awards (not an open-market sale or purchase); the withholding is a routine tax payment.

Key Details

• Transaction date: 2026-02-22; Form filed: 2026-02-23 (timely).
• Conversion: 5,304 derivative units converted into 5,304 common shares (transaction code M).
• Tax withholding: 2,369 shares withheld (transaction code F) at $71.38 per share = $169,099.
• Net shares delivered to insider: 2,935 shares (5,304 − 2,369).
• Reported derivative disposal of 5,304 shares at $0 reflects the conversion/settlement of the derivative instrument.
• Footnotes: F1 — Restricted stock units (RSUs) and performance stock units (PSUs) convert one-for-one into common stock. F2 — The reported units include 139 dividend equivalent rights associated with a 2024 grant (15,495 RSUs vesting in three annual installments).
• Filing does not indicate a 10b5-1 plan or gift; this is a routine award settlement with tax withholding.

Context

• This is not an open-market sale or purchase signal; it’s a common payroll/tax withholding action when equity awards vest or convert. Retail investors typically view conversions with withholding as administrative, not a direct sell signal by the insider.