Form 4: Dynatrace CEO Rick McConnell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Rick McConnell reports a transaction involving Dynatrace, Inc. common stock related to tax obligations.
Summary
- On May 15, 2024, Dynatrace, Inc. CEO Rick McConnell had 2,674 shares of common stock withheld by the issuer to cover tax obligations upon the vesting of Restricted Stock Units (RSUs).
- Following this transaction, McConnell directly owns 474,431 shares of Dynatrace common stock.
- He also has indirect beneficial ownership of 500 shares held by the Anne Marie McConnell Trust, for which his spouse is the sole trustee; he disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions and doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to tax obligations on vested equity.
Key Dates
| Date | Description |
|---|---|
| July 16, 2021 | Date of the Anne Marie McConnell Trust |
| 05/15/2024 | Date of the transaction involving the withholding of shares for tax obligations |
| 05/17/2024 | Date of signature for the report |
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