Teradata (TDC) CEO has 20,090 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teradata President and CEO Stephen McMillan reported a routine tax-related share disposal. On the vesting of restricted share units, the company withheld 20,090 shares of common stock at $31.49 per share to satisfy his tax obligations. After this withholding, he directly owns 643,100 shares of Teradata common stock. This was a tax-withholding disposition, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCMILLAN STEPHEN
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 20,090 | $31.49 | $633K |
Holdings After Transaction:
Common Stock — 643,100 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Teradata (TDC) report for CEO Stephen McMillan?
Teradata reported that CEO Stephen McMillan had 20,090 common shares withheld to cover taxes due on vesting restricted share units. This tax-withholding disposition is coded “F” on Form 4 and does not represent an open-market share sale or purchase.
Was Stephen McMillan’s Teradata (TDC) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The company withheld 20,090 shares to satisfy McMillan’s tax obligations when restricted share units vested, so no discretionary sale of shares into the market occurred in this transaction.
What does transaction code “F” mean in the Teradata (TDC) CEO’s Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, Teradata withheld 20,090 common shares from Stephen McMillan upon RSU vesting to cover his tax obligation, rather than him selling shares on the open market.