Dynatrace CEO gets 49K shares as awards vest
Dynatrace’s CEO reported vesting of multiple RSU and performance-based awards, with a portion of shares withheld to satisfy tax obligations.
Rhea-AI Filing Summary
Dynatrace, Inc. (DT) reported that Chief Executive Officer and director Rick M. McConnell had several equity awards vest on September 5, 2026, resulting in the delivery of 49,185 shares of Common Stock upon vesting of performance-based and time-based restricted stock units granted under the company’s 2019 Equity Incentive Plan. To cover related tax withholding obligations, 25,028 shares of Common Stock were withheld by Dynatrace at $51.90 per share. A separate indirect holding of 500 shares is reported in a family trust for which McConnell disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
49,185 shares exercised/converted
Exercise
13 txns
Insider
MCCONNELL RICK M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (Financial) F1, F4 | 11,555 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 14,814 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F6 | 13,548 | $0.00 | $0.00 |
| Exercise | Performance Restricted Stock Units (Financial) F1, F7 | 9,268 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 11,555 | -- | -- |
| Tax Withholding | Common Stock F2 | 5,880 | $51.90 | $305K |
| Exercise | Common Stock F1 | 14,814 | -- | -- |
| Tax Withholding | Common Stock F2 | 7,538 | $51.90 | $391K |
| Exercise | Common Stock F1 | 13,548 | -- | -- |
| Tax Withholding | Common Stock F2 | 6,894 | $51.90 | $358K |
| Exercise | Common Stock F1 | 9,268 | -- | -- |
| Tax Withholding | Common Stock F2 | 4,716 | $51.90 | $245K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (Financial) — 85,939 contracts (Direct);
Restricted Stock Units — 139,277 contracts (Direct);
Common Stock — 272,702 shares (Direct);
Common Stock — 500 shares (Indirect, See Footnote)
Footnotes (7)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units do not expire. They either vest or are cancelled prior to the vesting date.
- F2. Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations upon the vesting of restricted stock units.
- F3. Shares held by the Anne Marie McConnell Trust dated July 16, 2021, for which the Reporting Person's spouse is the sole trustee. The Reporting Person disclaims Section 16 beneficial ownership of the shares except to the extent of his pecuniary interest, if any, therein, and nothing contained in this report shall be deemed an admission that the Reporting Person is the beneficial owner of any of the shares for Section 16 purposes or otherwise.
- F4. Represents the vesting of restricted stock units based on financial performance ("Financial PSUs") granted on June 5, 2024 under the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"). 33% of the earned Financial PSUs vested on June 5, 2025 and the balance of the Financial PSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2027, subject to the Reporting Person's continued employment on the applicable vesting dates.
- F5. Represents the vesting of time-based restricted stock units ("RSUs") granted on June 5, 2024 under the Plan. 33% of the granted RSUs vested on June 5, 2025 and the balance of the RSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2027, subject to the Reporting Person's continued employment on the applicable vesting dates.
- F6. Represents the vesting of RSUs granted on June 5, 2025 under the Plan. 33% of the granted RSUs vested on June 5, 2026 and the balance of the RSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2028, subject to the Reporting Person's continued employment on the applicable vesting dates.
- F7. Represents the vesting of Financial PSUs granted on June 5, 2025 under the Plan. 33% of the earned Financial PSUs vested on June 5, 2026, and the balance of the Financial PSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2028, subject to the Reporting Person's continued employment on the applicable vesting dates.
Key Figures
Shares delivered upon RSU and PSU vesting: 49,185 shares
Shares withheld for tax obligations: 25,028 shares
Tax withholding price: $51.90 per share
+2 more
5 metrics
Shares delivered upon RSU and PSU vesting
49,185 shares
Common Stock received by Rick McConnell on September 5, 2026 from vested awards
Shares withheld for tax obligations
25,028 shares
Common Stock withheld by Dynatrace on September 5, 2026 for tax withholding
Tax withholding price
$51.90 per share
Price used for shares withheld to satisfy tax liabilities on September 5, 2026
Derivative exercises or conversions
49,185 shares
Total underlying shares from exercises or vesting of derivative equity awards reported
Indirect shares in family trust
500 shares
Common Stock held by the Anne Marie McConnell Trust, reported as indirect ownership
Key Terms
restricted stock units, Performance Restricted Stock Units (Financial), 2019 Equity Incentive Plan, tax withholding obligations, +1 more
5 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Restricted Stock Units (Financial) financial
"Represents the vesting of restricted stock units based on financial performance ("Financial PSUs")"
2019 Equity Incentive Plan financial
"Financial PSUs granted on June 5, 2024 under the Issuer's 2019 Equity Incentive Plan, as amended"
tax withholding obligations financial
"Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations"
pecuniary interest financial
"disclaims Section 16 beneficial ownership of the shares except to the extent of his pecuniary interest"
FAQ
What equity awards vested for Dynatrace (DT) CEO Rick McConnell on September 5, 2026?
On September 5, 2026, 49,185 shares of Dynatrace Common Stock were delivered to Rick McConnell upon vesting of a mix of performance-based restricted stock units and time-based restricted stock units granted under the 2019 Equity Incentive Plan.
Were Rick McConnell’s Dynatrace (DT) transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions; the box for such a plan is not checked and no footnote describes a pre-arranged trading plan.
What performance-based awards for Dynatrace (DT) vested for Rick McConnell?
The filing describes vesting of Financial PSUs granted on June 5, 2024 and June 5, 2025, with 33% of earned units vesting on specified June dates and remaining units vesting in equal quarterly installments through June 5, 2027 and June 5, 2028, subject to continued employment.
What indirect Dynatrace (DT) holdings does Rick McConnell report?
The filing reports 500 shares of Dynatrace Common Stock held indirectly by the Anne Marie McConnell Trust dated July 16, 2021. McConnell’s spouse is the sole trustee, and McConnell disclaims beneficial ownership except to the extent of any pecuniary interest.
Are Rick McConnell’s restricted stock units in Dynatrace (DT) subject to expiration?
The filing states that each restricted stock unit represents a contingent right to receive one share of Dynatrace Common Stock and that the units do not expire; they either vest or are cancelled prior to the vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
