Form 4: Teradata Director McElhatton Reports Acquisition and Disposal of Common Stock

Director Todd McElhatton reports acquisition of 6,927 shares and disposal of 21,386 shares of Teradata common stock on May 14, 2024.

Summary

• Todd McElhatton, a director of Teradata Corp, filed a Form 4 on May 15, 2024.
• The report details changes in beneficial ownership of Teradata's securities.
• On May 14, 2024, McElhatton acquired 6,927 shares of common stock through an award of restricted share units under the Director Compensation Program.
• On the same day, McElhatton disposed of 21,386 shares of common stock.
• Following these transactions, McElhatton beneficially owns 21,386 shares of Teradata common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of restricted share units aligns the director's interests with the company's performance.

Future Outlook

The restricted share units vest in four equal, quarterly installments commencing three months after the grant date.

Industry Context

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

Stakeholder Impact

• Shareholders are informed about the transactions of a company director.

Key Dates