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

Dynatrace CEO Rick McConnell sold 12,001 shares of common stock on March 6, 2024, to cover tax withholding obligations related to vesting RSUs and PSUs.

Summary

• On March 6, 2024, Rick M. McConnell, CEO of Dynatrace, Inc., sold 12,001 shares of Dynatrace common stock at a price of $46.8832 per share.
• The sale was executed to cover tax withholding obligations resulting from the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• Following the transaction, McConnell directly owns 502,105 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 any pecuniary interest.
• The transaction was reported on Form 4, filed with the Securities and Exchange Commission (SEC) on March 8, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't inherently reflect a positive or negative outlook on the company.

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.

Key Dates