Form 4: Teradata Executive Michael Hutchinson Reports Stock Disposal to Cover Tax Obligations

Michael Hutchinson, Chief Customer Officer of Teradata, disposed of 2,028 shares of common stock on March 6, 2024, to cover tax obligations arising from vesting restricted share units.

Summary

• On March 6, 2024, Michael D. Hutchinson, Chief Customer Officer of Teradata Corp, disposed of 2,028 shares of common stock.
• The shares were disposed of at a price of $38.82 per share.
• This transaction was to satisfy tax obligations upon the vesting of restricted share units.
• Following the transaction, Hutchinson beneficially owns 73,690 shares of Teradata common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of executives covering tax liabilities associated with stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates