Hutchinson Michael D 4

What Happened

• Michael D. Hutchinson, Chief Operating Officer of Teradata Corp (TDC), received an award of 66,007 restricted share units (RSUs) on 2026-03-01 (reporting code A). The award is shown at $0.00 per share (grant of RSUs).
• On 2026-03-06 the company withheld 3,727 shares to satisfy tax withholding related to the award (reporting code F) at $28.02 per share, generating proceeds of $104,431 (this is a tax withholding, not an open-market sale).

Key Details

• Transaction dates: RSU grant 2026-03-01; shares withheld for taxes 2026-03-06.
• Prices and values: withholding executed at $28.02/share for 3,727 shares = $104,431. Implied value of the full 66,007 RSU award at $28.02 ≈ $1.85 million.
• Shares owned after transaction: not specified in the provided Form 4 data.
• Footnotes: F1 — RSUs vest in three equal annual installments beginning March 1, 2027. F2 — shares withheld by the company to satisfy tax obligations upon vesting.
• Filing timeliness: Form 4 filed 2026-03-10 for a 2026-03-01 grant (filed 9 days later); Form 4s are typically due within 2 business days, so this filing appears late.

Context

• RSU grants represent compensation that vests over time; the withholding here is a routine tax-related transfer of shares to the company and should not be interpreted as a discretionary open-market sale of shares by the insider.
• For retail investors, awards show management compensation and long-term alignment but are not the same signal as insider purchases.