Dynatrace (DT) CEO logs RSU vesting, tax withholding and new 177,768-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dynatrace, Inc. Chief Executive Officer Rick M. McConnell reported multiple equity compensation events dated June 5, 2026. He exercised or vested performance-based and time-based restricted stock units into 160,522 shares of common stock, while 81,677 shares were withheld by the company at $42.19 per share to cover tax obligations.
McConnell also received a new grant of 177,768 restricted stock units that vest over time under the company’s 2019 Equity Incentive Plan. Following these transactions, he holds 178,121 shares of common stock directly and 500 shares indirectly through the Anne Marie McConnell Trust, for which he disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Routine CEO equity vesting with tax withholding and a new RSU grant.
Dynatrace’s CEO Rick McConnell reported vesting and exercises of performance and time-based stock units into 160,522 common shares, alongside 81,677 shares withheld for taxes at $42.19. These are standard equity compensation mechanics, not open‑market trading.
The filing also shows a new award of 177,768 restricted stock units that vest in tranches through 2029, aligning compensation with continued employment and performance conditions described in the plan. After the transactions, McConnell retains 178,121 shares directly plus indirect trust holdings, indicating ongoing equity exposure.
Overall, these events appear routine for a senior executive of a growth software company and do not, by themselves, signal a change in Dynatrace’s outlook. They mainly update investors on the scale and structure of the CEO’s stock-based pay and resulting ownership.
Insider Trade Summary
160,522 shares exercised/converted
Mixed
23 txns
Insider
MCCONNELL RICK M
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units (Financial) | 17,145 | $0.00 | -- |
| Exercise | Restricted Stock Units | 12,607 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units (Financial) | 11,554 | $0.00 | -- |
| Exercise | Restricted Stock Units | 14,814 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units (rTSR) | 14,504 | $0.00 | -- |
| Exercise | Restricted Stock Units | 53,383 | $0.00 | -- |
| Exercise | Performance Restricted Stock Units (Financial) | 36,515 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 177,768 | $0.00 | -- |
| Exercise | Common Stock | 17,145 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,724 | $42.19 | $368K |
| Exercise | Common Stock | 12,607 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,415 | $42.19 | $271K |
| Exercise | Common Stock | 11,554 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,879 | $42.19 | $248K |
| Exercise | Common Stock | 14,814 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,538 | $42.19 | $318K |
| Exercise | Common Stock | 14,504 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,380 | $42.19 | $311K |
| Exercise | Common Stock | 53,383 | $0.00 | -- |
| Tax Withholding | Common Stock | 27,162 | $42.19 | $1.15M |
| Exercise | Common Stock | 36,515 | $0.00 | -- |
| Tax Withholding | Common Stock | 18,579 | $42.19 | $784K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units (Financial) — 0 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null);
Performance Restricted Stock Units (rTSR) — 0 shares (Direct, null);
Common Stock — 186,845 shares (Direct, null);
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 under the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"). 33% of the Financial PSUs granted vested on June 5, 2024 and the balance of the Financial PSUs vested in equal quarterly installments thereafter until fully vested on June 5, 2026. Represents the vesting of time-based restricted stock units ("RSUs") granted on June 5, 2023 under the Plan. 33% of the RSUs granted vested on June 5, 2024 and the balance of the RSUs vested in equal quarterly installments thereafter until fully vested on June 5, 2026. Represents the vesting of Financial PSUs granted on June 5, 2024 under the Plan. 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 under the Plan. 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. Represents the vesting of restricted stock units based on relative total stockholder return ("rTSR PSUs") granted on June 5, 2024 under the Plan. These rTSR PSUs were earned following certification by the Compensation Committee of the Board of Directors of the Issuer (the "Compensation Committee") of certain performance conditions related to relative total stockholder return for the two year performance period that started on April 1, 2024 and ended on March 31, 2026. All of these rTSR PSUs vested on June 5, 2026. Represents the vesting of RSUs granted on June 5, 2025 under the Plan. 33% of the RSUs vested on June 5, 2026 and the balance of the RSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2028, subject to the Reporting Person's continued employment on the applicable vesting dates. Represents the vesting of Financial PSUs granted on June 5, 2025 under the Plan and earned following certification by the Compensation Committee of certain financial performance results for the Issuer's fiscal year 2026 that started on April 1, 2025 and ended on March 31, 2026. 33% of the Financial PSUs vested on June 5, 2026, and the balance of the Financial PSUs vest in equal quarterly installments thereafter until fully vested on June 5, 2028, subject to the Reporting Person's continued employment on the applicable vesting dates. Represents the grant of RSUs under the Plan. 33% of these RSUs will vest on June 5, 2027 and the balance of the RSUs will vest in equal quarterly installments thereafter until fully vested on June 5, 2029, subject to the Reporting Person's continued employment on the applicable vesting dates.
Key Figures
Shares from RSU/PSU vesting: 160,522 shares
Tax withholding shares: 81,677 shares
Tax withholding price: $42.19 per share
+3 more
6 metrics
Shares from RSU/PSU vesting
160,522 shares
Common stock received via exercises/vestings reported for June 5, 2026
Tax withholding shares
81,677 shares
Shares withheld by Dynatrace at $42.19 to cover tax obligations
Tax withholding price
$42.19 per share
Price used for F-code tax-withholding dispositions of common stock
New RSU grant
177,768 units
Restricted stock units granted under the 2019 Equity Incentive Plan
Direct common holdings
178,121 shares
Dynatrace common stock held directly following the transactions
Indirect trust holdings
500 shares
Shares held by the Anne Marie McConnell Trust associated with the CEO
Key Terms
Restricted Stock Units, Performance Restricted Stock Units (Financial), relative total stockholder return, 2019 Equity Incentive Plan, +2 more
6 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Restricted Stock Units (Financial) financial
"Represents the vesting of restricted stock units based on financial performance"
relative total stockholder return financial
"performance conditions related to relative total stockholder return for the two year performance period"
2019 Equity Incentive Plan financial
"granted on June 5, 2023 under the Issuer's 2019 Equity Incentive Plan, as amended"
Financial PSUs financial
"Represents the vesting of Financial PSUs granted on June 5, 2025 under the Plan"
rTSR PSUs financial
"Represents the vesting of restricted stock units based on relative total stockholder return ("rTSR PSUs")"
FAQ
What insider transactions did Dynatrace (DT) CEO Rick McConnell report?
Rick McConnell reported vesting and exercises of restricted stock units into 160,522 Dynatrace common shares and company tax withholding of 81,677 shares at $42.19. He also received a new grant of 177,768 restricted stock units under the company’s equity incentive plan.
What new equity award did the Dynatrace (DT) CEO receive in this Form 4?
Rick McConnell received a grant of 177,768 restricted stock units under Dynatrace’s 2019 Equity Incentive Plan. According to the footnotes, 33% will vest on June 5, 2027, with the remainder vesting quarterly until June 5, 2029, subject to continued employment.
Were Rick McConnell’s Dynatrace (DT) transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They mainly reflect derivative exercises and vesting of restricted stock units, plus F-code tax-withholding dispositions where shares were withheld by Dynatrace to cover taxes, rather than sold on the open market.
What performance-based awards are described in Rick McConnell’s Dynatrace (DT) filing?
The filing references Financial PSUs and rTSR PSUs that vested based on financial results and relative total stockholder return over defined performance periods. Some of these performance units converted into Dynatrace common shares on June 5, 2026 upon Compensation Committee certification.