Form 4: Teradata COO Michael Hutchinson Sells Shares for Tax

Sentiment:

Insider Transaction Report 3 March 2026 4:49 PM

Teradata's Chief Operating Officer, Michael D. Hutchinson, disposed of 5,052 shares of common stock at $31.49 per share to cover tax obligations related to restricted share unit vesting.

Summary

Michael D. Hutchinson, Chief Operating Officer of Teradata Corporation, reported a transaction on February 27, 2026.
5,052 shares of Teradata common stock were disposed of at a price of $31.49 per share.
This disposition was due to shares being withheld by the company to satisfy tax obligations upon the vesting of restricted share units.
Following this transaction, Mr. Hutchinson beneficially owns 172,932 shares of Teradata common stock.
The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.
A Limited Power of Attorney, effective February 17, 2026, was granted by Michael Hutchinson to Irving Gomez, Scot F. Rogers, and Juliet C. Shadoan to handle SEC filings, including Forms 3, 4, and 5.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine tax-related sale following RSU vesting, which is a common and expected occurrence for executives and does not signal any change in company fundamentals or management's confidence.

Positives

The transaction indicates the vesting of restricted share units, which is a positive for the executive as it represents earned compensation.
The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged and compliant sale.

Risks

The Limited Power of Attorney explicitly states that neither the Company nor any Attorney-in-Fact assumes liability for the undersigned's responsibility to timely comply with Exchange Act or Securities Act requirements, any failure to comply, or for profit disgorgement under Section 16(b) of the Exchange Act.
The Power of Attorney does not relieve the undersigned from responsibility for compliance with obligations under the Exchange Act and Securities Act.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

Shares withheld by the company to satisfy tax obligation upon vesting of restricted share units.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as sales to cover tax obligations upon RSU vesting, are common across all industries, particularly in technology companies like Teradata where equity compensation is a significant component of executive pay. These transactions typically do not reflect a change in management's outlook on the company's prospects but rather a standard administrative process.

Comparison to Industry Standards

Tax-related sales upon RSU vesting are standard practice for executives across publicly traded companies, including peers in the data warehousing and analytics sector such as Snowflake (SNOW) or Databricks (private).
The volume of shares sold (5,052) relative to the remaining beneficial ownership (172,932) is a small percentage, consistent with typical tax withholding amounts.
The use of a Rule 10b5-1(c) plan aligns with best practices for insider trading compliance, similar to executives at companies like Oracle or IBM.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Power of Attorney Grant	Michael Hutchinson granted a Limited Power of Attorney to Irving Gomez, Scot F. Rogers, and Juliet C. Shadoan, effective February 17, 2026, to prepare, execute, and file Section 16 reports (Forms 3, 4, 5) and Rule 144 forms with the SEC and relevant exchanges, and to manage EDGAR account credentials.	02/17/2026	Enhances administrative efficiency for SEC compliance for the reporting person, ensuring timely and accurate filings. It also clarifies the responsibilities and limitations of the attorneys-in-fact regarding compliance liability.
Revocation of Previous Powers of Attorney	The Limited Power of Attorney explicitly revokes all previous powers of attorney granted by or on behalf of Michael Hutchinson in connection with reporting obligations under Section 16 of the Exchange Act and Rule 144 under the Securities Act.	02/03/2026	Streamlines and centralizes the authority for SEC reporting, reducing potential ambiguities from multiple or outdated powers of attorney.

Stakeholder Impact

Shareholders: Minimal direct impact as this is a routine, non-discretionary sale for tax purposes and does not indicate a change in the executive's investment thesis or company performance.

Key Dates

Date	Description
02/03/2026	Limited Power of Attorney executed by Michael Hutchinson.
02/17/2026	Effective date of the Limited Power of Attorney.
02/27/2026	Date of the reported transaction (shares withheld for tax).
03/03/2026	Date the Form 4 was signed.

Recommendation

hold

The filing details a routine insider transaction where the Chief Operating Officer sold shares to cover tax obligations upon the vesting of restricted stock units. This is a common and expected event for executives and does not reflect a discretionary sale based on a change in company outlook. The transaction was also conducted under a Rule 10b5-1(c) plan, further indicating its pre-scheduled nature. Therefore, this filing alone does not provide new information that would warrant a change in investment recommendation; a 'hold' stance is maintained pending further fundamental analysis.

Keywords

Teradata, TDC, Form 4, Insider Trading, Executive Compensation, Stock Sale, Tax Withholding, Restricted Stock Units, Corporate Governance, Michael Hutchinson

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