William (Bill) Charles Stone is the founder, chairman, and chief executive officer (CEO) of SS&C Technologies (NASDAQ: SSNC), a provider of services and software for the financial services and healthcare industries
William Stone’s Net Worth
As of September 21, 2021, William C Stone’s estimated net worth is at least $2.27 billion USD. Mr. Stone owns over 280,000 shares of SS&C Technologies Inc, valued at over $2,180,332,153, and has sold SSNC stock for over $68,013,155 in the previous 12 years. In addition, as Chairman of the Board and Chief Executive Officer of SS&C Technologies Inc., he earns $21,620,300.
Mr. Stone Ssnc Stock Insider Trading Sec Form 4
According to the SEC’s Form 4, William has made over 14 trades in SS&C Technologies Inc stock since 2010. On September 21, 2021, he exercised 280,000 units of SSNC stock for $1,887,200.
On February 17, 2010, he sold 1,933,824 units of SS&C Technologies Inc shares for a total value of roughly $26,976,845. Since 2010, William has traded an average of 340,855 units every 157 days. He still owns at least 31,741,624 shares of SS&C Technologies Inc as of September 21, 2021.
Bill Stone (William C. Stone) grew up in the Evansville, Indiana area.
Mary (O’Daniel) Stone, Stone’s future wife, and Stone both graduated from Reitz Memorial High School in 1973.
Stone was a standout athlete and captain of the football team at Reitz Memorial in high school.
Stone lives in the city of Naples, Florida. He is the husband of Mary Stone. They have three children together.
Career Prior to Ss&c
Stone began his career in 1977 at KPMG, a financial services consultancy and accounting business in St. Louis, Missouri, before creating SS&C Technologies. Stone would later join KPMG as a director and relocate to Hartford, Connecticut, where the firm is based.
Stone also worked at The Advest Group as a vice president of administration and special investment services while at KPMG, which was the 12th largest broker-dealer in the United States at the time.
Ss&c Technologies Was Founded in The Year 2000.
Stone had accumulated around $20,000 throughout his stint at KPMG by 1986. That year, Stone, at 30 years old, quit his job to start SS&C out of his basement. The company began with only four people but swiftly expanded to 17 the next year before more than doubling in size in 1988.
SS&C Technologies rose to $18 million in revenue over the next decade by selling and developing software for financial institutions.
Asset managers, bankers, and insurers were among SS&C Technologies’ clients who wanted to manage their books online.
In 1996, SS&C Technologies went public, with Stone guiding the company through its first public offering (IPO).
His second major test occurred around the turn of the century, when the dot-com bubble burst, sending shockwaves through the economy. In 2005, Stone responded by taking the company private.
In March 2010, Stone took the company public for the second time.
SS&C Technologies’ CEO and Chairman of the Board of Directors is Stone (as of March 2019). While at the helm of the corporation, Stone has held a number of other positions.
SS&C Technologies Holdings, Inc. and SS&C Technologies, Inc., 1986–present: CEO and Chairman of the Board of Directors
President, SS&C Technologies Holdings Inc., 1986-1997; 1999-2004
SS&C Technologies Inc., President, and Secretary, 1999-2004
Achievements and Awards
Institutional Investor’s 2017 All American Executive Team Best Midcap CEOs, Technology, Media & Communication for the Software Sector 2012 Entrepreneurial Award from Marquette University’s College of Business Administration 2019 Evansville Regional Business Hall of Fame laureate
Participation in The Community and Philanthropy
Stone established the NJ Stone Baseball Field at his alma mater, Evansville Memorial High School, in 2006. The field was named after Stone’s father.
Stone declared in 2011 that he planned to create 500 new employees in his hometown of Evansville, Indiana, by 2014. The initiative was hailed as a benefit to downtown Evansville, and it would add to SS&C Technologies’ global workforce of 1,400 at the time.
Stone and his wife Mary gave $15 million to the Stone Family Center for Health Sciences, a multi-institutional effort in downtown Evansville, in May 2018.
The center was established to assist health sciences studies as a result of a collaboration between the University of Evansville, the University of Southern Indiana, and Indiana University.
Bill and Mary Stone contributed to the Patricia Browning Stone Sensory Playground at St. Vincent’s Center for Children in Evansville in November 2018.
The playground, which bears Stone’s mother’s name and is dedicated to her, provides counseling and treatment for children with Sensory Processing Disorder (SPD).