Form 4: Dynatrace CEO Rick McConnell Reports Stock Transaction
SEC Form 4 Filing
CEO Rick McConnell reports disposition of Dynatrace shares to cover tax obligations and indirect ownership through a trust.
Summary
- On August 15, 2024, Dynatrace CEO Rick McConnell reported a transaction involving the company's common stock.
- 2,674 shares were disposed of at a price of $48.93 to cover tax withholding obligations upon the vesting of Restricted Stock Units (RSUs).
- Following the transaction, McConnell directly owns 729,817 shares of Dynatrace common stock.
- McConnell also indirectly owns 500 shares through 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 detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 07/16/2021 | Date of the Anne Marie McConnell Trust |
| 08/15/2024 | Date of stock transaction |
| 08/19/2024 | Date of signature on the report |
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