Petley Richard J 4

What Happened

• Richard J. Petley, Chief Revenue Officer of Teradata (TDC), was granted 74,257 restricted share units (RSUs) on 2026-03-01 (code A). The filing also shows 3,180 shares were withheld (code F) on 2026-03-06 to cover tax obligations, valued at $28.02 per share for a total of $89,104. The RSU award is not an open-market purchase; the withholding is a routine disposition to satisfy taxes.

Key Details

• Transaction dates and prices:
  • 2026-03-01: Award of 74,257 RSUs (acquisition at $0.00).
  • 2026-03-06: 3,180 shares withheld at $28.02/share (total ~$89,104) to satisfy tax withholding.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: The RSUs vest in three equal annual installments beginning March 1, 2027.
  • F2: The 3,180 shares were withheld by the company to satisfy tax obligations upon vesting of RSUs.
• Filing timeliness: Form 4 was filed on 2026-03-10. This is later than the standard SEC requirement to file within two business days of a reportable transaction.

Context

• RSUs are awards that convert to shares over time as they vest; here the award vests in three equal annual installments starting March 1, 2027, so full ownership is staged over future years.
• Withholding shares to cover taxes (code F) is a routine administrative action and is not the same as an open-market sale that signals a change in insider sentiment.
• The filing’s late submission is a compliance note for investors but does not itself indicate trading intent.