Form 4: Teradata Executive Kathleen Cullen-Cote Reports Stock Sales and Restricted Share Unit Award

Kathleen Cullen-Cote, Chief People Officer of Teradata, reports selling shares under a pre-arranged trading plan and receiving an award of restricted share units.

Summary

• Kathleen Cullen-Cote, Chief People Officer of Teradata, filed a Form 4 detailing changes in beneficial ownership.
• On February 28, 2025, she sold 2,353 shares of common stock at $23.39 per share.
• On March 3, 2025, she sold 5,955 shares at $23.87 per share.
• Also on March 3, 2025, 1,882 shares were withheld for tax obligations related to vesting restricted share units at $23.38.
• She was also awarded 42,514 restricted share units on March 3, 2025, which vest in three equal annual installments starting March 3, 2026.
• The sales were executed under a Rule 10b5-1 trading plan adopted on November 13, 2024.
• Her total beneficial holdings after these transactions amount to 149,628 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The stock sales are pre-planned, and the RSU grant is a positive sign of continued alignment. However, any insider selling can create some uncertainty.

Positives

• The award of 42,514 restricted share units indicates continued alignment of the executive's interests with the company's long-term performance.

Negatives

• The sale of shares, even under a pre-arranged plan, could be interpreted negatively by some investors.

Risks

• Executive stock sales, even under 10b5-1 plans, can sometimes create uncertainty in the market.

Future Outlook

The restricted share units vest in three equal annual installments beginning on March 3, 2026, suggesting a multi-year commitment from the executive.

Industry Context

Executive stock transactions are common and closely watched in the tech industry as indicators of management's confidence in the company's future prospects.

Comparison to Industry Standards

• Executive compensation packages, including restricted stock units, are standard practice among publicly traded technology companies like Teradata.
• Companies such as Oracle, SAP, and IBM also utilize similar equity-based compensation to align executive incentives with shareholder value.

Stakeholder Impact

• Shareholders may react to the stock sales, although the pre-arranged nature of the sales mitigates potential concerns.
• Employees may view the RSU grant as a positive sign of the company's commitment to its executives.

Next Steps

• Monitor future Form 4 filings to track changes in the executive's holdings.
• Observe the vesting schedule of the restricted share units.

Key Dates