Form 4: Dynatrace CEO Rick McConnell Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Dynatrace CEO Rick McConnell sold shares of the company's common stock on February 14 and 15, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Rick McConnell, CEO of Dynatrace, Inc., sold 39,700 shares of common stock on February 14, 2025, at a weighted average price of $61.4154.
- An additional 300 shares were sold on the same day at a weighted average price of $62.14.
- On February 15, 2025, 1,964 shares were withheld by Dynatrace to cover McConnell's tax obligations related to vesting restricted stock units.
- Following these transactions, McConnell directly owns 546,720 shares of Dynatrace common stock.
- He also indirectly owns 500 shares through the Anne Marie McConnell Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider trading activity. It doesn't inherently convey positive or negative sentiment, as it simply discloses transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 2021-07-16 | Date of the Anne Marie McConnell Trust |
| 2024-11-15 | Date the Rule 10b5-1 trading plan was adopted |
| 2025-02-14 | Date of stock sales |
| 2025-02-15 | Date shares were withheld for taxes |
| 2025-02-18 | Date of signature on the Form 4 |
Keywords
Dynatrace, Rick McConnell, stock sale, Form 4, Rule 10b5-1, CEO, insider trading, securities
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