Key Terms
rule 10b5-1 plan
regulatory
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
insider trading laws
regulatory
Insider trading laws are rules that prohibit people with access to important, nonpublic company information from buying or selling that company’s securities based on that information, and often require certain insiders to report their trades. They matter to investors because these laws protect fair markets—like referees enforcing rules in a game—by preventing a few people from gaining an unfair advantage and by imposing penalties that deter abuse and encourage confidence in market prices.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its Board of Directors has authorized a renewal of its stock purchase program. The program enables the Company to repurchase up to
Under the renewed program, the Company’s proposed repurchases may be made from time to time in one or more transactions on the open market or in privately negotiated purchase and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations promulgated under the Securities Exchange Act of 1934, as amended.
The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the SS&C’s stock plans and for other corporate purposes. The Company’s authority to repurchase shares under the renewed program shall continue until the one year anniversary of the Board’s authorization, unless earlier terminated by the Board.
The Board also approved a quarterly dividend payout of
“SS&C has a strong business model and robust pipelines of opportunities, with AI as a structural tailwind for our business. We believe the current share price undervalues SS&C’s financial strength and future prospects,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Capital allocation to maximize shareholder value remains our priority. We will use the cash flow to pay out our dividend, opportunistically repurchase stock and pay down debt, while maintaining the flexibility to pursue high-quality accretive acquisitions.”
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20260521591186/en/
For more information
Brian Schell | Chief Financial Officer, SS&C Technologies
Tel: +1-816-642-0915| E-mail: InvestorRelations@sscinc.com
Justine Stone | Investor Relations, SS&C Technologies
Tel: +1- 212-367-4705 | E-mail: InvestorRelations@sscinc.com
Chand Madaka │Investor Relations, SS&C Technologies
Tel: +1-908-845-1259 │E-mail: InvestorRelations@sscinc.com
Source: SS&C