Form 4: Teradata Executive Richard J. Petley Reports Acquisition of Shares

Richard J. Petley, Chief Revenue Officer of Teradata Corp, reports acquiring 11,427 shares of common stock on May 13, 2024, through an award of restricted share units.

Summary

• Richard J. Petley, Chief Revenue Officer of Teradata Corp, filed a Form 4 on May 15, 2024.
• The report details a transaction on May 13, 2024, where Petley acquired 11,427 shares of Teradata common stock.
• These shares were acquired through an award of restricted share units.
• The restricted share units vest in three equal annual installments starting on May 13, 2025.
• Following the reported transaction, Petley beneficially owns 66,818 shares of Teradata common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The acquisition of shares by a high-ranking officer could be interpreted positively, signaling confidence in the company's future performance.

Future Outlook

The restricted share units vest in three equal annual installments beginning on May 13, 2025.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a key executive.

Key Dates