Form 4: Dynatrace CEO Rick McConnell Reports Stock Sale to Cover Tax Obligations

Dynatrace CEO Rick McConnell sold 29,230 shares of common stock on September 5, 2024, to cover tax withholding obligations related to the vesting of RSUs and PSUs.

Summary

• On September 5, 2024, Rick M. McConnell, the CEO of Dynatrace, Inc., sold 29,230 shares of Dynatrace common stock at a price of $49.27 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• Following the transaction, McConnell directly owns 700,587 shares of Dynatrace common stock.
• McConnell also has indirect 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 routine SEC filing related to stock transactions for tax purposes, so it has a neutral sentiment.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small volume.

Key Dates