Hutchinson Michael D 4

What Happened
Michael D. Hutchinson, Chief Operating Officer of Teradata (TDC), had 5,052 shares withheld by the company to satisfy tax obligations upon the vesting of restricted stock units. The withholding was recorded at $31.49 per share for a total value of approximately $159,087. This action is a tax-withholding disposition (not an open-market sale or a purchase) and is generally considered a routine administrative step when equity awards vest.

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (within the standard 2-business-day reporting window).
• Price per share: $31.49; shares withheld/disposed: 5,052; nominal value: ~$159,087.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — shares were withheld by the company to satisfy tax obligations upon vesting of restricted share units.
• Reporting code: F (tax withholding upon vesting), not a purchase (P) or open-market sale (S).

Context
When RSUs vest, companies commonly withhold a portion of the shares to cover required payroll and income taxes; these withheld shares are treated as a disposition for reporting purposes but do not indicate that the insider chose to sell shares on the market. Such transactions are routine and typically do not imply a change in the insider’s view of the company’s prospects.