Teradata (TDC) CRO Richard Petley has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teradata Corp (TDC) reported an insider tax-related share transaction by Chief Revenue Officer Richard J. Petley. On this date, 13,309 shares of common stock were disposed of in a tax-withholding disposition at a price of $30.36 per share. According to the disclosure, these shares were withheld by the company to satisfy tax obligations that arose when restricted share units vested, rather than sold in an open-market trade.
After this withholding transaction, Petley held 170,867 shares of Teradata common stock directly. The filing classifies the event as a non-derivative transaction related to payment of tax liability by delivering securities, reflecting an administrative step tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Petley Richard J
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,309 | $30.36 | $404K |
Holdings After Transaction:
Common Stock — 170,867 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Teradata (TDC) report for Richard J. Petley?
Teradata disclosed that Chief Revenue Officer Richard J. Petley had 13,309 common shares disposed in a tax-withholding transaction. The shares were withheld by the company to cover tax obligations triggered by vesting restricted share units.
How is the Richard J. Petley transaction classified in the Teradata (TDC) Form 4?
The transaction is classified as a non-derivative tax-withholding disposition with code F. It represents payment of tax liability by delivering securities, specifically shares withheld by Teradata when restricted share units vested for Richard J. Petley.
Does the Teradata (TDC) Form 4 show this insider transaction as a buy or sell?
The Form 4 does not classify it as a buy or sell. Instead, it records a dispose-direction tax-withholding transaction under code F, where shares were withheld by the company to pay Richard J. Petley’s equity-related tax obligations.