We clarify the nature of dynamic coupling in plasmonic resonators and determine the dynamic coupling coefficient using a simple analytic model. We show that plasmonic resonators, such as subwavelength holes in a metal film which can be treated as bound charge oscillators, couple to each other through the retarded interaction of oscillating screened charges. Our dynamic coupling model offers, for the first time, a quantitative analytic description of the fundamental symmetric and anti-symmetric modes of coupled resonators which agrees with experimental results. Our model also reveals that plasmonic electromagnetically induced transparency arises in any coupled resonators of slightly unequal lengths, as confirmed by a rigorous numerical calculation and experiments.