Form 4: Teradata CEO Stephen McMillan Sells 20,000 Shares Under 10b5-1 Trading Plan

Teradata's CEO, Stephen McMillan, sold 20,000 shares of common stock at a weighted average price of $30.0043 per share on November 8, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 8, 2024, Stephen McMillan, the President and CEO of Teradata Corp, sold 20,000 shares of Teradata common stock.
• The sale was executed at a weighted average price of $30.0043 per share, with individual transactions ranging from $30.00 to $30.03.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 23, 2024.
• Following the sale, McMillan directly owns 373,579 shares of Teradata common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative views on the company's future.

Industry Context

Sales by insiders are a common occurrence, and pre-planned sales under 10b5-1 plans are generally viewed as less impactful than discretionary sales. However, investors often monitor insider transactions for signals about a company's prospects.

Stakeholder Impact

• The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates