Form 4: Teradata Executive Michael Hutchinson Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Michael D. Hutchinson, Chief Customer Officer of Teradata Corp, disposed of 1,822 shares of common stock on March 1, 2024, to satisfy tax obligations upon vesting of restricted share units.
Summary
- On March 1, 2024, Michael D. Hutchinson, Chief Customer Officer of Teradata Corp, reported a transaction involving the disposal of 1,822 shares of Teradata common stock.
- The shares were disposed of to cover tax obligations arising from the vesting of restricted share units.
- The transaction was executed at a price of $38.56 per share.
- Following the transaction, Hutchinson directly owns 75,718 shares of Teradata common stock.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of stock disposal for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, allowing investors to see if those with inside knowledge of the company are buying or selling shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal transaction. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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