Benson James M 4
Research Summary
AI-generated summary
Dynatrace (DT) CFO James Benson Exercises RSUs; Shares Withheld
What Happened
- James M. Benson, EVP, Chief Financial Officer and Treasurer of Dynatrace, had 17,731 restricted stock units (RSUs) convert into common shares on June 15, 2026. To satisfy tax withholding, the issuer withheld 8,573 of those shares at $41.19/share, generating $353,122. The net shares delivered to Benson were 9,158 (17,731 − 8,573).
- This was a vesting/conversion of RSUs (derivative code M) with a related tax-withholding disposition (code F); it is a routine tax-related withholding rather than an open-market sale.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (appears timely).
- Vesting/conversion: 17,731 RSUs converted to shares (code M).
- Tax withholding: 8,573 shares withheld at $41.19/share = $353,122 (code F).
- Net shares received: 9,158 shares (no open-market sale recorded).
- Footnotes: RSUs represent contingent rights to one share each; these RSUs were from a Dec 15, 2022 grant that vests through Dec 15, 2026 per the company’s 2019 Equity Incentive Plan.
- Shares owned after the transaction are not included in the provided excerpt.
Context
- This was a routine RSU vesting and cashless-like withholding to cover taxes, not an intentional sale for cash—such withholdings are common when awards vest. For investors, purchases or open-market insider buys are usually stronger signals than routine vesting or tax-withhold transactions.