Form 4: Teradata Executive Jacqueline D. Woods Reports Stock Disposal for Tax Obligations

Jacqueline D. Woods, Chief Marketing Officer of Teradata, disposed of 1,540 shares of common stock on March 1, 2024, to cover tax obligations arising from vesting restricted share units.

Summary

• On March 1, 2024, Jacqueline D. Woods, Chief Marketing Officer of Teradata Corp, disposed of 1,540 shares of common stock to satisfy tax obligations.
• The shares were withheld by the company upon the vesting of restricted share units.
• The transaction was executed at a price of $38.56 per share.
• Following the transaction, Woods beneficially owns 88,221 shares of Teradata common stock, which includes 545.018 shares acquired under the Teradata Employee Stock Purchase Plan on February 29, 2024.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting a routine transaction for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies.
• Companies like Oracle, SAP, and IBM also have executives who regularly report stock transactions via Form 4 filings.
• The disposal of shares to cover tax obligations is a standard practice among executives receiving equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small percentage of the total outstanding shares.
• Employees may be interested in the details of the Employee Stock Purchase Plan.

Key Dates