Form 4: Teradata CEO Stephen McMillan Reports Share Disposals for Tax Obligations and Divorce Settlement

Stephen McMillan, President and CEO of Teradata Corp, reported the disposal of shares to cover tax obligations and transfer shares to a former spouse as part of a divorce agreement.

Summary

• On March 6, 2024, Stephen McMillan, the President and CEO of Teradata Corp, disposed of 22,650 shares of common stock to satisfy tax obligations at a price of $38.82 per share.
• On March 7, 2024, Mr. McMillan disposed of 182,754 shares of common stock at $0 value, which will be transferred to his former spouse according to a court-approved divorce agreement.
• Following these transactions, Mr. McMillan directly owns 403,579 shares of Teradata Corp.
• The report was filed on March 8, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting share disposals for personal reasons (tax obligations and divorce settlement). It doesn't inherently convey positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The transactions reported here are related to tax obligations and a divorce settlement, which are personal matters for the executive and may not directly reflect the company's performance or outlook.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but the reasons for the disposal (tax obligations and divorce settlement) are unlikely to significantly affect the company's valuation.

Key Dates