MCCONNELL RICK M 4
4 · Dynatrace, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Dynatrace (DT) CEO Rick McConnell Receives 56,124 Shares (Vesting)
What Happened
- Rick M. McConnell, CEO of Dynatrace, had restricted stock units/PSUs convert into 56,124 shares on March 5, 2026 (several vesting/conversion events). To satisfy tax withholding obligations, 24,766 of those shares were withheld (disposed) at an implied per-share withholding value of $39.21, totaling approximately $971,074. The conversion/vesting entries show $0.00 exercise price, indicating these were settlement of RSUs/PSUs (not option exercises requiring cash).
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely within the required two business days).
- Shares received (conversion/vesting): 56,124 total (17,146 + 12,608 + 11,556 + 14,814).
- Shares withheld for taxes (dispositions): 24,766 total (6,225 + 5,149 + 5,869 + 7,523) at $39.21/share = $971,074 (aggregate).
- Transaction codes: M = conversion of derivative (vesting/settlement of RSUs/PSUs); F = shares withheld to satisfy tax liability.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Notable footnotes: F1–F7 describe RSU/PSU mechanics and vesting schedules; F2 confirms shares were withheld for tax withholding; F3 notes certain shares are held in the reporting person’s spouse’s trust and are disclaimed for Section 16 purposes.
Context
- These transactions represent routine vesting and settlement of equity awards (time‑based RSUs and performance PSUs) rather than open‑market purchases or sales. The withholding of shares to cover taxes is a common, non‑market transaction (cashless settlement) and doesn’t necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
MCCONNELL RICK M
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-05+17,146→ 155,488 total - Tax Payment
Common Stock
[F2]2026-03-05$39.21/sh−6,225$244,082→ 149,263 total - Exercise/Conversion
Common Stock
[F1]2026-03-05+12,608→ 161,871 total - Tax Payment
Common Stock
[F2]2026-03-05$39.21/sh−5,149$201,892→ 156,722 total - Exercise/Conversion
Common Stock
[F1]2026-03-05+11,556→ 168,278 total - Tax Payment
Common Stock
[F2]2026-03-05$39.21/sh−5,869$230,123→ 162,409 total - Exercise/Conversion
Common Stock
[F1]2026-03-05+14,814→ 177,223 total - Tax Payment
Common Stock
[F2]2026-03-05$39.21/sh−7,523$294,977→ 169,700 total - Exercise/Conversion
Performance Restricted Stock Units (Financial)
[F1][F4]2026-03-05−17,146→ 17,145 total→ Common Stock (17,146 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-05−12,608→ 12,607 total→ Common Stock (12,608 underlying) - Exercise/Conversion
Performance Restricted Stock Units (Financial)
[F1][F6]2026-03-05−11,556→ 57,772 total→ Common Stock (11,556 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-03-05−14,814→ 74,071 total→ Common Stock (14,814 underlying)
Holdings
- 500(indirect: See Footnote)
Common Stock
[F3]
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, 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.
- [F5]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.
- [F6]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.
- [F7]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.
Signature
/s/ Marc Gold, by power of attorney|2026-03-09