Form 4: Teradata Executive Richard J. Petley Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Richard J. Petley, Chief Revenue Officer of Teradata Corp, reports disposing of shares to cover tax obligations upon vesting of restricted share units.
Summary
- On March 6, 2025, Richard J. Petley, Chief Revenue Officer of Teradata Corp, disposed of 3,180 shares of common stock to satisfy tax obligations.
- The shares were disposed of at a price of $22.98 per share.
- Following the transaction, Petley directly owns 150,966 shares of Teradata Corp.
- The transaction was related to the vesting of restricted share units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are used to disclose transactions in company stock by corporate insiders. This filing indicates that the executive is managing their tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for executives managing their equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of the share disposal transaction. |
| 03/10/2025 | Date of signature for the Form 4 filing. |
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