Form 4: Teradata Executive Michael Hutchinson Reports Stock Disposal for Tax Obligations
SEC Filing
Michael Hutchinson, Chief Customer Officer of Teradata Corp, reported disposing of 3,155 shares of common stock on July 1, 2024, to cover tax obligations related to vesting restricted share units.
Summary
- On July 1, 2024, Michael D. Hutchinson, Chief Customer Officer of Teradata Corp, disposed of 3,155 shares of common stock.
- The transaction was executed to satisfy tax obligations upon the vesting of restricted share units.
- The shares were disposed of at a price of $34.7 per share.
- Following the transaction, Hutchinson beneficially owns 52,035 shares of Teradata Corp.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and does not indicate any particular positive or negative sentiment towards the company.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on Teradata's stock price, as it is a relatively small transaction by an individual officer.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of stock disposal transaction. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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