MCMILLAN STEPHEN 4

What Happened
Stephen McMillan, President & CEO and a Director of Teradata (TDC), was granted 206,271 restricted share units (RSUs) on 2026-03-01 (reported as an award, code A). The award was reported at $0.00 per share (typical for RSU grants). On 2026-03-06 the company withheld 22,230 shares to satisfy tax obligations at an effective value of $28.02/share (total reported $622,885; code F). On 2026-03-09, 4,376 shares were transferred (code J) to the reporting person’s former spouse pursuant to a court-approved divorce agreement; those shares were reported at $0.00 and McMillan will no longer have beneficial ownership of them.

Key Details

• Grant date: 2026-03-01 — 206,271 RSUs awarded (reported acquisition at $0.00).
• Tax withholding: 2026-03-06 — 22,230 shares withheld at $28.02/share = $622,885 (code F).
• Transfer: 2026-03-09 — 4,376 shares transferred to former spouse (code J, $0 reported); reporting person will no longer beneficially own these.
• Vesting: Awarded RSUs vest in three equal annual installments beginning March 1, 2027 (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timing: Form filed 2026-03-10 for a 2026-03-01 report period (appears later than the typical 2-business-day Form 4 deadline).

Context

• The primary event is an RSU award (not an open-market purchase), so the shares are subject to future vesting rather than an immediate buy.
• Withholding of shares to cover taxes is routine for RSU vestings and does not necessarily reflect a sale for investment reasons.
• The 4,376-share transfer is a divorce-related transfer and should be treated as a legal settlement, not a trading decision.