DT Form 4: McConnell RSU Vesting, Ownership Corrected by 500 Shares
Rhea-AI Filing Summary
Dynatrace, Inc. (DT) director and CEO Rick M. McConnell reported the vesting of 5,275 time-based restricted stock units on 08/15/2025, which converted into the same number of common shares. The issuer withheld 2,679 shares to satisfy tax withholding at an effective price shown as $48.24, leaving the reporting person with 170,503 shares owned directly after correcting a prior overstatement of 500 shares. The filing also discloses 500 shares held indirectly in the Anne Marie McConnell Trust. The Form 4 was signed by power of attorney on 08/18/2025.
Positive
- Corrected prior filing error by reducing the overstated direct beneficial ownership by 500 shares, improving disclosure accuracy
- Vesting of 5,275 RSUs converted to common stock as scheduled, reflecting normal compensation realization
- Clear disclosure of tax withholding where 2,679 shares were withheld to satisfy tax obligations upon vesting
Negative
- Shares withheld for taxes (2,679) reduced the net increase in free-floating shares from the RSU vesting
Insights
TL;DR: Routine executive compensation vesting with minor share withholding and a corrected ownership tally; not material to company valuation.
The report documents the vesting of 5,275 RSUs into common stock and the withholding of 2,679 shares for taxes, leaving 170,503 shares directly owned after a 500-share correction to prior filings. These actions reflect normal equity compensation mechanics rather than active market trading or a change in control. The sizes involved are small relative to total public float and present no immediate balance-sheet or liquidity impact on the issuer.
TL;DR: Disclosure corrects a scrivener error and records scheduled RSU vesting; governance and reporting restored to accurate status.
The filing clarifies a prior overstatement of beneficial ownership by 500 shares and records scheduled vesting from a 2021 RSU grant. The Reporting Person disclaims beneficial ownership of trust-held shares except to the extent of any pecuniary interest, consistent with standard Section 16 reporting practice. Execution by power of attorney is properly noted, and the Form 4 documents routine executive compensation events rather than extraordinary insider activity.
FAQ
What transaction did Dynatrace (DT) CEO Rick McConnell report on Form 4?
How many shares were withheld for taxes and at what price?
What is the reporting person's beneficial ownership after the transaction?
Why does the filing mention a 500-share correction?
Was this Form 4 signed by the reporting person?