Dynatrace (NYSE: DT) CEO vests RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dynatrace, Inc. Chief Executive Officer Rick McConnell reported multiple equity award vestings and related share movements. On March 5, 2026, performance-based and time-based restricted stock units vested, converting into a combined 56,124 shares of Dynatrace common stock at no exercise price.
The company withheld a total of 24,766 shares of common stock at $39.21 per share to cover McConnell’s tax obligations linked to these vestings. After these transactions, he held 169,700 shares of Dynatrace common stock directly. An additional 500 shares are held indirectly by the Anne Marie McConnell Trust, for which his spouse is sole trustee, and he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
56,124 shares exercised/converted
Mixed
13 txns
Insider
MCCONNELL RICK M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (Financial) | 17,146 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,608 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units (Financial) | 11,556 | $0.00 | -- |
| Exercise | Restricted Stock Units | 14,814 | $0.00 | -- |
| Exercise | Common Stock | 17,146 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,225 | $39.21 | $244K |
| Exercise | Common Stock | 12,608 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,149 | $39.21 | $202K |
| Exercise | Common Stock | 11,556 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,869 | $39.21 | $230K |
| Exercise | Common Stock | 14,814 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,523 | $39.21 | $295K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (Financial) — 17,145 shares (Direct);
Restricted Stock Units — 12,607 shares (Direct);
Common Stock — 155,488 shares (Direct);
Common Stock — 500 shares (Indirect, See Footnote)
Footnotes (1)
- 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. Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations upon the vesting of restricted stock units. 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 restricted stock units based on financial performance ("Financial PSUs") granted on June 5, 2023. 33% of the Financial PSUs granted vested on June 5, 2024 and the balance of the Financial PSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2026, subject to the Reporting Person's continued employment on the applicable vesting dates. Represents the vesting of time-based restricted stock units ("RSUs") granted on June 5, 2023. 33% of the RSUs granted vested on June 5, 2024 and the balance of the RSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2026, subject to the Reporting Person's continued employment on the applicable vesting dates. Represents the vesting of Financial PSUs granted on June 5, 2024. 33% of the Financial PSUs granted 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. Represents the vesting of RSUs granted on June 5, 2024. 33% of the RSUs granted 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.
FAQ
What insider transactions did Dynatrace (DT) CEO Rick McConnell report on March 5, 2026?
Rick McConnell reported vesting of performance-based and time-based restricted stock units that converted into Dynatrace common shares. These transactions reflect equity compensation becoming stock, with no cash exercise price, and are typical for senior executives as long-term incentives vest over time.
What do the performance restricted stock units and RSUs mean in Dynatrace (DT)’s CEO compensation?
The performance restricted stock units and time-based RSUs are equity awards that convert into one share of Dynatrace common stock upon vesting. Footnotes state these awards vest over time and, for performance units, based on financial performance, providing long-term, stock-based incentives tied to employment and results.