Form 4: Dynatrace EVP, Chief Revenue Officer Dan Zugelder Reports Stock Sales

Dan Zugelder, EVP and Chief Revenue Officer of Dynatrace, Inc., reported the sale of 11,022 shares of common stock on September 6, 2024, and the withholding of 9,285 shares for tax obligations on September 5, 2024.

Summary

• On September 5, 2024, Dan Zugelder, the EVP and Chief Revenue Officer of Dynatrace, Inc., had 9,285 shares of common stock withheld by the issuer to cover tax obligations related to vesting RSUs and PSUs.
• On September 6, 2024, Zugelder sold 11,022 shares of Dynatrace common stock at a weighted average price of $49.706 per share, with prices ranging from $49.35 to $49.95.
• The sale was executed under a Rule 10b5-1 trading plan adopted on December 12, 2023.
• Following these transactions, Zugelder directly owns 217,465 shares of Dynatrace common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and wealth management in publicly traded companies.
• Similar sales are regularly reported by executives at companies like Datadog, New Relic, and Splunk.
• The use of Rule 10b5-1 plans is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares sold compared to the total outstanding shares.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates