Form 4: Teradata CEO Stephen McMillan Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Teradata CEO Stephen McMillan reported the disposal of shares to cover tax obligations upon the vesting of restricted share units.
Summary
- On March 1, 2024, Stephen McMillan, the President and CEO of Teradata Corp, disposed of 15,636 and 18,811 shares of common stock to satisfy tax obligations.
- The shares were withheld by the company at a price of $38.56 per share upon the vesting of restricted share units.
- Following these transactions, McMillan directly owns 627,794 and 608,983 shares of Teradata common stock.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to executive compensation. It is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal to satisfy tax obligations. |
| 03/05/2024 | Date of signature by Attorney-in-fact for Stephen McMillan. |
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