Form 4: Teradata CEO Sells Shares for Tax Obligation

Teradata's President and CEO, Stephen McMillan, disposed of 40,319 shares of common stock to cover tax obligations related to restricted share unit vesting.

Summary

• Stephen McMillan, President and CEO and Director of Teradata Corp, disposed of 40,319 shares of common stock.
• The transaction occurred on March 3, 2026, at a price of $30.36 per share.
• These shares were withheld by the company to satisfy tax obligations upon the vesting of restricted share units.
• Following this transaction, McMillan directly beneficially owns 602,781 shares of Teradata common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine tax-related disposition of shares following the vesting of restricted stock units, rather than a discretionary sale.

Positives

• The transaction is a routine tax withholding, indicating the vesting of restricted share units, which is a form of compensation.

Negatives

• The number of directly held shares by the CEO decreased by 40,319.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as tax-related sales upon RSU vesting, are common across industries and typically do not signal a change in management's long-term outlook for the company.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but generally viewed as a non-event given the tax-related nature.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by the CEO to cover tax obligations associated with RSU vesting. It does not reflect a change in the CEO's investment conviction or the company's fundamentals, thus a 'hold' recommendation is appropriate as this event alone does not warrant a change in investment thesis.

Keywords

Teradata, TDC, Stephen McMillan, Form 4, insider transaction, stock sale, tax withholding, restricted stock units, CEO, director