Teradata (NYSE: TDC) CEO granted 206K RSUs, reports tax and divorce share changes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teradata (TDC) President and CEO Stephen McMillan reported several equity-related changes in his holdings. He received a grant of 206,271 shares of common stock in the form of restricted share units that vest in three equal annual installments beginning on March 1, 2027. On March 6, 22,230 shares were withheld by the company at $28.02 per share to cover tax obligations upon RSU vesting. On March 9, 4,376 shares are scheduled to be transferred to his former spouse under a court-approved divorce agreement, after which he will no longer have reportable beneficial ownership of those shares. Following these transactions, he directly holds 782,446 shares of Teradata common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
MCMILLAN STEPHEN
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 4,376 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,230 | $28.02 | $623K |
| Grant/Award | Common Stock | 206,271 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 782,446 shares (Direct)
Footnotes (1)
- Award of restricted share units which vests in three equal annual installments beginning on March 1, 2027. Shares withheld by the company to satisfy tax obligation upon vesting of restricted share units. These shares will be transferred to the former spouse of the reporting person pursuant to the terms of a court-approved divorce agreement. Following the transfer, the reporting person will no longer have a reportable beneficial ownership in these shares.
FAQ
What insider transactions did Teradata (TDC) CEO Stephen McMillan report?
Stephen McMillan reported a large restricted share unit grant, tax withholding, and a divorce-related share transfer. He received 206,271 RSUs, had 22,230 shares withheld for taxes, and will transfer 4,376 shares to a former spouse under a court-approved agreement.
Does the Teradata (TDC) Form 4 show any open-market buying or selling by the CEO?
The reported transactions do not include open-market purchases or sales. They consist of an RSU grant, shares withheld to cover tax obligations on vesting, and a share transfer related to a divorce settlement, all disclosed as non-market, administrative equity changes.