STONE WILLIAM C 4
Research Summary
AI-generated summary
SS&C (SSNC) 10% Owner William C. Stone Exercises RSUs
What Happened
- William C. Stone, reported as a 10% owner of SS&C Technologies Holdings Inc. (SSNC), reported the conversion/exercise of restricted‑stock‑unit type derivatives on March 2, 2026. The filing shows an acquisition of 21,949 shares and a simultaneous disposition of 21,949 shares at $0.00, with no cash proceeds reported.
Key Details
- Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (filed within the normal reporting window).
- Reported entries: 21,949 shares acquired (derivative conversion, code M) and 21,949 shares disposed at $0.00.
- Price/Value: Acquisition price listed as N/A; disposition price listed as $0.00 — the filing shows no cash received.
- Shares owned after the transaction: Not disclosed in the provided excerpt.
- Footnotes: F1 states restricted stock units (RSUs) convert one‑for‑one into common stock. F2 notes the RSUs were from a March 2, 2023 grant of 63,377 RSUs (vesting in three equal annual installments) and that the reported number includes 823 dividend equivalent rights.
- Insider status: Stone is a 10% owner — a significant shareholder transaction rather than typical executive open‑market trading.
Context
- The filing records a derivative conversion (code M). The simultaneous acquisition and $0.00 disposition in the Form 4 reflect the mechanics of RSU conversion/reporting rather than an open‑market sale; no cash proceeds are reported in this filing.
- For retail investors: conversions of RSUs increase issued shares but this filing does not indicate a market sale by the insider.