Form 4: Teradata CEO's Stock Transaction for Tax Obligations
Insider Transaction Report
Teradata's President and CEO, Stephen McMillan, reported a disposition of 20,090 shares of common stock to cover tax obligations related to restricted share unit vesting.
Summary
- Stephen McMillan, President and CEO of Teradata Corp (TDC), reported a change in beneficial ownership.
- On February 27, 2026, 20,090 shares of Common Stock were disposed of.
- This disposition was due to shares being withheld by the company to satisfy tax obligations upon the vesting of restricted share units.
- The price per share for the disposition was $31.49.
- Following this transaction, Stephen McMillan beneficially owns 643,100 shares of Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine, non-discretionary transaction for tax purposes related to executive compensation, rather than a strategic move or a discretionary sale.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that this is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for executives receiving equity-based awards. It does not reflect a discretionary sale or broader industry trends.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in management's confidence or a significant shift in ownership structure.
Key Dates
| Date | Description |
|---|---|
| 02/27/2026 | Date of earliest transaction, involving the disposition of shares for tax obligations. |
| 03/03/2026 | Date the Form 4 was signed by the attorney-in-fact for Stephen McMillan. |
Keywords
Teradata, TDC, Stephen McMillan, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Share Units, CEO
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