Form 4: Teradata Corp Executive Cullen-Cote Sells Shares Under 10b5-1 Plan

Kathleen R. Cullen-Cote, Chief People Officer of Teradata Corp, sold 7,779 shares of common stock at $27.51 per share on September 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kathleen R. Cullen-Cote, the Chief People Officer of Teradata Corp, reported a transaction involving the sale of Teradata Corp common stock.
• On September 10, 2024, Cullen-Cote sold 7,779 shares at a price of $27.51 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 10, 2023.
• Following the transaction, Cullen-Cote directly owns 106,848 shares of Teradata Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.

Positives

• The sale was executed under a pre-arranged 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to diversify their holdings while avoiding accusations of trading on non-public information.

Comparison to Industry Standards

• Sales by executives are a normal part of corporate compensation and financial planning.
• The use of a 10b5-1 plan is a standard practice to ensure compliance with insider trading regulations, similar to practices at companies like Oracle, SAP, and Salesforce, where executives often have pre-arranged trading plans.

Stakeholder Impact

• The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates