Form 4: Teradata COO Michael Hutchinson Reports Share Disposal for Tax Obligations

Michael Hutchinson, COO of Teradata Corp, reported disposing of 3,040 shares to cover tax obligations upon vesting of restricted share units.

Summary

• On March 6, 2025, Michael D. Hutchinson, Chief Operating Officer of Teradata Corp, disposed of 3,040 shares of common stock.
• The shares were withheld by the company to satisfy tax obligations upon the vesting of restricted share units.
• The transaction was executed at a price of $22.98 per share.
• Following the transaction, Hutchinson directly owns 137,024 shares of Teradata Corp.
• This transaction was reported on March 10, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects a routine transaction for tax purposes and doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes by an executive.

Key Dates