Form 4: Teradata CEO Stephen McMillan Reports Share Transactions

Stephen McMillan, President and CEO of Teradata Corp, reports the acquisition and disposal of common stock related to a performance-based restricted share unit award.

Summary

• On February 12, 2025, Stephen McMillan, the President and CEO of Teradata Corp, reported transactions involving Teradata's common stock.
• McMillan acquired 114,262 shares of common stock due to the vesting of a performance-based restricted share unit award.
• Simultaneously, 61,097 shares were withheld by Teradata to satisfy tax obligations related to the vesting of the award at a price of $24.62 per share.
• Following these transactions, McMillan directly owns 426,744 shares of Teradata common stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to executive stock transactions. The vesting of performance-based units is generally a positive sign, but the tax withholding is a neutral event.

Positives

• The vesting of performance-based restricted share units suggests that Teradata achieved certain performance goals.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards to align management's interests with those of shareholders.
• The vesting of restricted share units upon achieving performance goals is a standard practice.
• Tax withholding on vesting equity awards is also a common procedure.

Stakeholder Impact

• The vesting of performance-based equity may have a slightly positive impact on shareholder sentiment, as it indicates the achievement of performance goals.

Key Dates