Form 4: Teradata Corp Executive Kathleen Cullen-Cote Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Kathleen Cullen-Cote, Chief People Officer of Teradata Corp, sold 9,683 shares of common stock at $25.94 per share on August 13, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Kathleen Cullen-Cote, Chief People Officer of Teradata Corp, reported a transaction involving the company's common stock.
- On August 13, 2024, Cullen-Cote sold 9,683 shares at a price of $25.94 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 114,627 shares of Teradata Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 08/10/2023 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| 08/13/2024 | Date of the transaction (sale of shares) |
| 08/14/2024 | Date of the Form 4 filing |
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