Form 4: Teradata Executive Michael Hutchinson Reports Share Transactions

Chief Operating Officer Michael Hutchinson reports the withholding of shares for tax obligations and the award of restricted share units.

Summary

• Michael D. Hutchinson, Chief Operating Officer of Teradata Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 3, 2025, 2,243 shares of common stock were withheld to cover tax obligations at a price of $23.38 per share.
• Also on March 3, 2025, Hutchinson was awarded 83,179 restricted share units.
• These restricted share units vest in three equal annual installments starting March 3, 2026.
• Following these transactions, Hutchinson directly owns 140,064 shares of common stock and 56,885 shares of common stock after the tax obligation.
• The filing was signed by Juliet C. Shadoan, Attorney-in-fact for Michael D. Hutchinson, on March 4, 2025.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing primarily reports routine transactions. The granting of restricted share units is a positive sign, but the tax withholding is a neutral event.

Positives

• The award of 83,179 restricted share units to the COO suggests confidence in the company's future performance.

Future Outlook

The restricted share units vest in three equal annual installments beginning on March 3, 2026, incentivizing the executive for future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.

Stakeholder Impact

• Shareholders can monitor insider transactions to assess management's confidence in the company.
• The vesting schedule of the restricted share units aligns management's interests with long-term shareholder value.

Key Dates