Form 4: Teradata Executive Michael Hutchinson Reports Share Award Vesting and Tax Withholding

Michael Hutchinson, Chief Customer Officer of Teradata, reports the vesting of performance-based restricted share units and subsequent tax withholding.

Summary

• On February 12, 2025, Michael D. Hutchinson, Chief Customer Officer of Teradata Corp, reported a transaction involving Teradata's common stock.
• 18,282 shares were acquired due to the vesting of a performance-based restricted share unit award based on the attainment of certain performance goals by Teradata.
• 7,528 shares were withheld by the company to satisfy tax obligations upon the vesting of the award at a price of $24.62.
• Following these transactions, Hutchinson directly owns 62,789 shares of Teradata common stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing executive compensation. The vesting of shares is generally a positive sign, but the tax withholding is neutral.

Positives

• The vesting of performance-based restricted share units suggests that Teradata has achieved certain performance goals.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in beneficial ownership by a company executive.

Stakeholder Impact

• The vesting of shares could have a minor positive impact on shareholder sentiment, indicating that the company is meeting its performance goals.

Key Dates