Dynatrace (DT) CTO Bernd Greifeneder Receives Award and Sells Shares

What Happened
Bernd Greifeneder, Dynatrace EVP & Chief Technology Officer, had multiple restricted stock units / performance stock units convert into 13,909 shares on 2026-09-05 (listed as "exercise or conversion of derivative" on the Form 4). To satisfy tax withholding and the issuer's mandatory sell-to-cover policy, 7,543 shares were withheld (valued at about $396,620) and an additional 99 shares were sold on the open market for proceeds of $5,138. The net effect: approximately 6,267 shares were retained by the reporting person after withholding/sales. Several line items showing disposals at $0 reflect the settlement/conversion of the derivative awards into shares.

Key Details

• Transaction date: 2026-09-05; Form 4 filed 2026-09-09 (appears to be filed after the typical 2-business-day window).
• Shares that vested/converted: 13,909 shares (multiple RSU/PSU tranches).
• Shares withheld/sold for taxes: 7,543 shares withheld (value shown $396,620) + 99 shares sold on the open market for $51.90/share ($5,138). Total value surrendered ≈ $396,620; cash proceeds from open-market sale ≈ $5,138.
• Reported sale price used for withholding/sales: $51.90 per share.
• Footnotes: F1–F3 clarify these are RSUs/PSUs and that shares were withheld to satisfy tax withholding and sold under mandatory sell-to-cover. F4–F7 detail the original grant dates and vesting schedules for the RSUs/Financial PSUs (grants from June 5, 2024 and June 5, 2025).
• Shares owned after the transaction: not specified on the provided Form 4 excerpt.

Context

• These transactions are routine vesting and tax-withholding events (not an open-market purchase). The conversion of RSUs/PSUs into shares followed by withholding/sell-to-cover is a common, non-speculative administrative action—not necessarily a buy or sell decision by the insider.
• For clarity: "M" entries denote exercise/conversion of derivative awards (vesting/settlement); "F" entries denote shares surrendered to satisfy exercise price or tax liability; "S" denotes open-market sale.
• Filing lag: the Form 4 was filed four days after the transaction date; Form 4s are normally required within two business days, so investors may note the apparent late filing.