Form 4: Teradata CEO Stephen McMillan Reports Changes in Beneficial Ownership

Stephen McMillan, Teradata's President and CEO, filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to tax obligations and an award of restricted share units.

Summary

• On March 3, 2025, Stephen McMillan, President and CEO of Teradata, reported changes in his beneficial ownership of Teradata common stock.
• 18,811 shares were withheld by the company to satisfy tax obligations upon the vesting of restricted share units at a price of $23.38.
• McMillan was also awarded 231,054 restricted share units, which vest in three equal annual installments starting March 3, 2026.
• Following these transactions, McMillan beneficially owns 618,517 shares of Teradata common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and tax obligations. The granting of restricted share units is generally viewed as a positive, but it's a standard practice.

Positives

• The award of 231,054 restricted share units to the CEO could be seen as a positive sign, aligning his interests with the long-term performance of the company.

Future Outlook

The restricted share units vest in three equal annual installments beginning on March 3, 2026, suggesting a multi-year commitment from the CEO.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The changes in beneficial ownership are unlikely to have a significant immediate impact on stakeholders.

Key Dates