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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,275 | $0.00 | -- |
| Exercise | Common Stock | 5,275 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,679 | $48.24 | $129K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each time-based restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs do not expire. They either vest or are cancelled prior to the vesting date. Due to a scrivener's error in the Reporting Person's Form 4s filed on June 9, 2025, the number of shares of Common Stock beneficially owned directly by the Reporting Person was inadvertently overstated by 500 shares. The corrected number of shares beneficially owned directly is reflected in this Form 4. Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations upon the vesting of RSUs. 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. Represents the vesting of RSUs granted on December 13, 2021. 50% of the RSUs granted vested in two equal installments on November 15, 2022 and November 15, 2023. For the remaining 50% of the RSUs granted, 25% vested on November 15, 2022 and the balance vests in equal quarterly installments thereafter until fully vested on November 15, 2025, subject to the Reporting Person's continued employment on the applicable vesting dates.
