Form 4: Teradata Corp Executive Richard J. Petley Reports Changes in Beneficial Ownership

Chief Revenue Officer Richard J. Petley reports acquisition and disposal of Teradata Corp common stock due to vesting of performance-based restricted share units and tax obligations.

Summary

• Richard J. Petley, Chief Revenue Officer of Teradata Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 12, 2025, Petley acquired 13,554 shares of common stock through the vesting of a performance-based restricted share unit award.
• Also on February 12, 2025, 6,506 shares were disposed of at a price of $24.62 to satisfy tax obligations related to the vesting of the restricted share units.
• Following these transactions, Petley directly owns 73,866 shares of Teradata Corp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The vesting of performance-based restricted share units suggests that Teradata met certain performance goals.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates