Form 4: Teradata Executive Kathleen Cullen-Cote Reports Acquisition of Restricted Share Units
SEC Form 4 Filing
Kathleen Cullen-Cote, Chief People Officer of Teradata, reports the acquisition of 21,184 restricted share units.
Summary
- Kathleen Cullen-Cote, Chief People Officer of Teradata Corp, filed a Form 4 on February 29, 2024, reporting a transaction on February 27, 2024.
- She acquired 21,184 shares of common stock through an award of restricted share units.
- These restricted share units vest in three equal annual installments starting February 27, 2025.
- Following the transaction, Cullen-Cote directly owns 159,204 shares of Teradata common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing detailing executive compensation. The acquisition of shares is generally a positive sign, but it's part of a pre-determined compensation plan.
Positives
- The acquisition of restricted share units suggests confidence in Teradata's future performance.
Future Outlook
The restricted share units vest over three years, indicating a long-term incentive for the executive.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Award of restricted share units. |
| 02/27/2025 | First vesting date for the restricted share units. |
| 02/29/2024 | Date of Form 4 filing. |
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