Conjeevaram Smita 4

What Happened

• Smita Conjeevaram, a director of SS&C Technologies (SSNC), had derivative activity and an award on 2026-05-20. The filing shows a conversion/exercise of 2,580 derivative shares (code M) and a reported disposition of 2,580 derivative shares at $0.00 (no cash proceeds). She also received a grant/award of 3,200 restricted stock units (RSUs) reported at $0.00. The filing reports no cash received — these transactions reflect RSU vesting/conversion and a new RSU grant, with elected deferral of settlement rather than an open-market sale.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (timely within usual 2-business-day window).
• Transactions reported:
  • Exercise/conversion (M): 2,580 shares — Acquired (N/A dollar amount reported).
  • Disposition (M): 2,580 shares — $0.00 proceeds (derivative reporting convention).
  • Grant/Award (A): 3,200 RSUs — $0.00 reported.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes of note:
  • F1: The 2,580 conversion reflects vesting of RSUs granted May 21, 2025 plus 33 dividend equivalents; the reporting person elected to defer settlement of those shares until June 1, 2028.
  • F2: RSUs convert into common stock on a one-for-one basis.
  • F3: The 3,200 RSUs vest 100% on the earlier of the first anniversary of the grant date or the issuer’s 2027 annual meeting; the reporting person elected to defer settlement of those RSUs and related dividend equivalents until June 1, 2029.
• No 10b5-1 plan, tax withholding sale, or late filing notation was disclosed in the provided details.

Context

• These entries are consistent with RSU vesting, conversion, and new RSU grants rather than an open-market sale or purchase. The $0.00 disposition reflects internal conversion/deferral mechanics (no cash proceeds), not a market sale.
• For retail investors, awards and vesting are routine compensation events. Because settlement was deferred, the shares were not delivered for immediate sale and do not signal an immediate change in insider market exposure.