Form 4: Teradata Corp Executive Todd Cione Reports Stock Disposal to Cover Tax Obligations

Chief Revenue Officer Todd Cione of Teradata Corp disposed of shares to cover tax obligations arising from the vesting of restricted share units.

Summary

• On March 6, 2024, Todd Cione, Chief Revenue Officer of Teradata Corp, reported a transaction involving the disposal of 4,011 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 $38.82 per share.
• Following the transaction, Cione directly owns 119,422 shares of Teradata Corp.
• The report was filed on March 8, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a common transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a standard practice of executives covering tax obligations through stock disposals.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard practice for executives to manage their tax obligations.

Key Dates