Greifeneder Bernd 4
Research Summary
AI-generated summary
Dynatrace CTO Bernd Greifeneder Exercises/Vests Awards, Sells to Cover
What Happened
- Bernd Greifeneder, EVP and Chief Technology Officer of Dynatrace (DT), had multiple restricted stock units/PSUs vest and converted various derivative awards into common shares on June 5, 2026. The filing shows grant/award acquisitions (A) of 48,590 and 463 RSUs and conversions/exercises (M) of roughly 45,980 derivative units into common stock.
- To satisfy tax withholding and mandatory sell-to-cover requirements (F), the reporting person disposed of approximately 25,022 shares; separately, small open-market sales (S) of about 247 shares occurred at $42.19 per share. Total proceeds from the reported disposals were roughly $1.07 million (≈ $1,066,100).
Key Details
- Transaction date: June 5, 2026; reported on Form 4 filed June 9, 2026 (timely — within two business days).
- Sale price for open-market/tax-withholding disposals: $42.19 per share.
- Shares sold to cover taxes / withheld: ~25,022 shares; additional open-market sales: ~247 shares (total ~25,269 disposed).
- Reported awards/grants: 48,590 RSUs and 463 RSUs (grant lines) plus acquisition of 180 shares via ESPP per footnote; multiple PSUs/RSUs vested per footnotes F10–F17, F6–F9.
- Notable footnotes: F2/F4 indicate shares were withheld/sold to satisfy tax withholding and the issuer’s mandatory sell-to-cover policy; F10/F12/F14 etc. describe vesting of performance- and time-based PSUs/RSUs. Transaction codes: M = exercise/conversion of derivative; A = grant/award; F = payment for taxes; S = open market sale.
- Shares owned after the transactions are not explicitly provided in the excerpt.
Context
- These transactions were largely routine vesting/conversion events and sell-to-cover actions to satisfy tax obligations rather than open-market purchases indicating additional personal accumulation. The filing shows both vested performance RSUs/PSUs certified by the Compensation Committee and time‑based RSU vesting; some shares were immediately used to cover tax liabilities (cashless/sell-to-cover). No late filing was indicated.