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SS&C Technologies redesigns executive compensation program effective 2022
SS&C Technologies Holdings Inc
- Compensation Committee approved new formulaic annual cash bonus based on four equally-weighted financial metrics: total revenue, organic revenue growth, operating cash flow, and adjusted EBITDA.
- Long-term incentive program changed: 50% PSUs (based on EPS growth and TSR modifier), 25% time-based stock options, 25% RSUs.
- CEO William Stone base salary set at $1,000,000 with target bonus $5,000,000; COO Rahul Kanwar $800,000/$4,000,000; CFO Patrick Pedonti $500,000/$1,500,000; CLO Jason White $500,000/$1,000,000.
- Annual bonus payouts range 50%-250% of target; no payout if any metric below threshold; strategic KPI modifier can adjust by +/-25%.
- PSUs may be earned 0%-200% based on three-year average EPS growth rate, subject to relative TSR modifier of +/-20% (30th-80th percentile).