Kanwar Rahul 4

What Happened

• Rahul Kanwar, President & COO of SS&C Technologies (SSNC), had 15,913 restricted/performance units convert into common stock on Feb 22, 2026. To cover tax withholding, 8,801 of those shares were surrendered at an effective price of $71.38 per share, generating a withholding value of $628,215. The conversion is reported as an exercise/conversion of a derivative; a corresponding line shows 15,913 shares converted with no cash proceeds (i.e., shares issued on vesting).

Key Details

• Transaction date: 2026-02-22; filing date: 2026-02-23 (timely).
• Conversion: 15,913 units converted into common stock (reported as code M).
• Tax withholding: 8,801 shares withheld at $71.38 = $628,215 (reported as code F).
• Net shares likely retained by the insider after withholding: 7,112 shares (15,913 converted − 8,801 withheld).
• Footnotes: F1 — RSUs and PSUs convert one-for-one into common stock. F2 — These shares relate to a Feb 22, 2024 grant of 46,483 RSUs vesting in three annual installments; the reported amounts include 418 dividend-equivalent rights.
• No indication of a 10b5-1 plan or a gift; this is a standard vesting/conversion with tax withholding, not an open-market sale for investment reasons.

Context

• This is a routine vesting/conversion of equity awards with a portion of shares withheld to satisfy tax obligations (a common cashless/net-share settlement). Such transactions reflect award vesting rather than an open-market purchase or discretionary sale and should be interpreted accordingly by investors.