Form 4: Dynatrace CFO James M. Benson Disposes of Shares to Cover Tax Obligations

James M. Benson, EVP, CFO, and Treasurer of Dynatrace, Inc., disposed of 4,883 shares of common stock on September 5, 2024, to satisfy tax withholding obligations upon the vesting of RSUs and PSUs.

Summary

• On September 5, 2024, James M. Benson, the EVP, CFO, and Treasurer of Dynatrace, Inc., disposed of 4,883 shares of the company's common stock.
• The transaction was executed at a price of $49.27 per share.
• The shares were withheld by Dynatrace to cover Mr. Benson's tax obligations related to the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• Following the transaction, Mr. Benson directly owns 395,696 shares of Dynatrace common stock.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. This transaction reflects standard practice for covering tax obligations related to equity compensation.

Comparison to Industry Standards

• Tax withholding practices related to RSU and PSU vesting are standard across the technology industry.
• Companies like Salesforce, Adobe, and ServiceNow also regularly report similar transactions by their executives to cover tax liabilities.
• The number of shares withheld is proportional to the executive's tax bracket and the value of the vested equity, aligning with typical industry practices.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates