Form 4: Teradata CRO's Routine Tax-Related Stock Sale

Teradata's Chief Revenue Officer, Richard J. Petley, reported a routine disposition of 13,309 shares of common stock to cover tax obligations from restricted share unit vesting.

Summary

• Richard J. Petley, Chief Revenue Officer of Teradata Corporation (TDC), reported a transaction on March 3, 2026.
• The transaction involved the disposition of 13,309 shares of Teradata Common Stock.
• These shares were withheld by the company to satisfy tax obligations upon the vesting of restricted share units.
• The shares were disposed of at a price of $30.36 per share.
• Following this transaction, Mr. Petley beneficially owns 170,867 shares of Common Stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, non-discretionary transaction for tax purposes related to executive compensation and does not reflect a change in the executive's investment sentiment or the company's operational performance.

Positives

• The transaction indicates the vesting of restricted share units, which is a form of executive compensation and typically tied to performance or continued employment.

Negatives

• The disposition of 13,309 shares reduces the direct beneficial ownership of the Chief Revenue Officer, although it is for tax purposes.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that tax-related dispositions of shares upon the vesting of restricted stock units are a common and routine occurrence for executives in publicly traded companies. This mechanism allows executives to cover the income tax liability incurred when RSUs vest and become actual shares, without requiring them to use personal funds.

Related Party Transactions

• The transaction represents a related party dealing between the company and its Chief Revenue Officer, where shares were withheld by the company to cover the executive's tax obligations arising from RSU vesting.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or executive confidence.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction where an executive's shares were withheld by the company to cover tax obligations upon the vesting of restricted stock units. Such transactions are common and do not typically indicate a change in the company's fundamental outlook or the executive's long-term view. Therefore, a seasoned investor would likely maintain their current position, as this event provides no new material information to warrant a change in investment strategy.

Keywords

Teradata, TDC, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, RSU Vesting, Tax Withholding, Stock Sale