Form 4: Teradata CEO Stephen McMillan Reports Share Disposals
SEC Form 4 Filing
Stephen McMillan, CEO of Teradata Corp, reports disposing of shares to cover tax obligations and transfer shares related to a divorce agreement.
Summary
- Stephen McMillan, the President and CEO of Teradata Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 6, 2025, 22,650 shares of common stock were disposed of to satisfy tax obligations at a price of $22.98 per share.
- On March 7, 2025, 36,742 shares were disposed of as part of a transfer to his former spouse due to a court-approved divorce agreement.
- Following these transactions, McMillan directly owns 559,125 shares of Teradata Corp.
- The filing indicates that after the transfer to his former spouse, McMillan will no longer have reportable beneficial ownership of those shares.
Sentiment
Score: 5
Explanation: The filing reflects routine transactions (tax obligations, divorce settlement) and doesn't inherently indicate positive or negative sentiment regarding the company's future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | 22,650 shares disposed of to satisfy tax obligations. |
| 03/07/2025 | 36,742 shares disposed of due to divorce agreement. |
| 03/10/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.