Sign in

Rick McConnell

Chief Executive Officer at Dynatrace
Board
Since December 2021
Age
58 years
Education
Holds a B.A. in Quantitative Economics and an M.B.A. from Stanford University.
Tenure
Has been serving as Chief Executive Officer at DT since December 2021.

Also at Dynatrace

BG
Bernd Greifeneder
Executive Vice President
DZ
Dan Zugelder
Executive Vice President, Chief Revenue Officer
JB
James Benson
Executive Vice President, Chief Financial Officer, and Treasurer

About

Rick McConnell is a seasoned executive with over 30 years of experience in leading technology companies and is currently 58 years old as of June 28, 2024.

He began his career with significant roles at companies such as Cisco Systems Inc. and later at Akamai Technologies, where he held several leadership positions that contributed to his reputation in scaling multi-billion-dollar organizations and driving go-to-market strategies.

Since joining DT in December 2021 as Chief Executive Officer, he has focused on delivering customer value and strategic growth, leveraging his extensive background and education from Stanford University.

$DT Performance Under Rick McConnell

Past Roles

Organization Role Date Range Details
Akamai Technologies President and General Manager of the Security Technology Group Feb 2011 - Dec 2021 N/A
Akamai Technologies President and General Manager of Akamai's Web Division Feb 2011 - Dec 2021 N/A
Akamai Technologies President, Products and Development Feb 2011 - Dec 2021 N/A
Cisco Systems Inc. Various Senior Executive Roles, including President and CEO at Latitude Communications 2004 - 2011 Acquired role through Latitude Communications acquisition

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$655,000 N/ABase salary for 2024
Stock Awards$15,896,813 N/AAggregate grant date fair value of stock awards
Non-Equity Incentive Plan Compensation$696,265 N/AAs per 2024 compensation package
All Other Compensation$31,556 N/AIncludes Insurance Premium Contributions ($3,793 ), 401(k) Matching Contributions ($10,085 ), Telecommunications ($1,500 ), and Other Amounts ($16,178 )

Performance Compensation

Data from  FY 2024

Performance-Based PSUs

MetricThreshold PerformanceTarget PerformanceMaximum PerformanceActual PerformanceAchievement (%)Payout (%)Weight (%)
Revenue$1,362,870,000 $1,434,600,000 $1,506,330,000 $1,430,234,957 99.7% 93.9% 50
NGOI$332,436,600 $369,374,000 $406,311,400 $398,239,000 107.8% 178.2% 50

Weighted Payout: 136.0%

Vesting Schedule: The PSUs vest over three years with 33% vesting on the first anniversary of the grant date and the remaining vesting in equal quarterly installments over the following two years.

Grant Details:

  • Grant Date: June 5, 2023
  • Grant Date Target Value: $14,000,000
  • Number of Shares at Target: 150,538
  • Grant Date Fair Value: $7,948,406
  • Fiscal Year-End Fair Value: $16,498,724

ARR PSUs

MetricThreshold PerformanceTarget PerformanceMaximum PerformanceActual AchievementAchievement (%)Payout (%)
ARR$1,615,000,000 $1,700,000,000 $1,870,000,000 $1,539,700,000 90.6% 0%

Conditions: ARR PSUs required the company to achieve at least 95% of the target ARR for vesting. As the actual achievement was below this threshold, no ARR PSUs vested.

Grant Details:

  • Grant Date: December 2021 (as part of the sign-on equity package)

These tables detail the performance compensation components for 2024, including performance metrics, targets, vesting schedules, and actual results leading to payouts.