Form 4: Dynatrace SVP, Chief Accounting Officer, Daniel S. Yates, Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Daniel S. Yates, SVP, Chief Accounting Officer of Dynatrace, Inc., reports the acquisition of 28,777 shares of common stock and disposal of 49,937 shares on May 15, 2024.
Summary
- On May 15, 2024, Daniel S. Yates, SVP, Chief Accounting Officer of Dynatrace, Inc., acquired 28,777 shares of common stock at $0.
- On the same day, Yates disposed of 49,937 shares of common stock.
- Following these transactions, Yates beneficially owns 49,937 shares of Dynatrace, Inc.
- The acquisition of shares represents shares earned under PSUs granted on October 15, 2023, following the Compensation Committee's certification of financial performance results for the fiscal year ended March 31, 2024.
- 33% of these PSUs vested on June 5, 2024, and the remaining 67% will vest in equal quarterly installments over the subsequent two years, subject to continued employment.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to PSU vesting and disposal. The vesting itself suggests the company met performance targets, which is mildly positive.
Positives
- The vesting of PSUs indicates that the company met certain financial performance targets set by the Compensation Committee.
Risks
- The vesting of the remaining 67% of PSUs is contingent upon continued employment, which could be a risk if Yates were to leave the company.
Future Outlook
The remaining 67% of the PSUs will vest in equal quarterly installments over the subsequent two years, subject to continued employment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders buy or sell their company's stock. It provides transparency to the market regarding the transactions of company executives and their confidence in the company's performance.
Stakeholder Impact
- Shareholders are informed about insider transactions, providing transparency into management's actions.
- Employees holding PSUs are impacted by the vesting schedule and performance criteria.
Next Steps
- Remaining PSUs will vest in equal quarterly installments over the next two years, subject to continued employment.
Key Dates
| Date | Description |
|---|---|
| October 15, 2023 | Date of PSU grant. |
| March 31, 2024 | Fiscal year end for performance evaluation. |
| May 15, 2024 | Date of stock acquisition and disposal. |
| June 5, 2024 | Date when 33% of PSUs vested. |
| June 7, 2024 | Date of signature on the Form 4 filing. |
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