|4Feb 13, 4:23 PM ET

Arora Sumeet 4

Research Summary

AI-generated summary

Updated

Teradata (TDC) CPO Sumeet Arora Receives Award; Shares Withheld

What Happened

  • Sumeet Arora, Chief Product Officer of Teradata (TDC), was awarded 36,359 performance-based restricted share units (RSUs) that vested on 2026-02-11 (reported as an acquisition, code A, $0.00 per share). To cover tax withholding on vesting, 6,831 shares were withheld by the company (disposition, code F) at a reported value of $37.88 per share, totaling $258,758. Net shares delivered to Arora after withholding were 29,528.

Key Details

  • Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely, within the 2-business-day requirement).
  • Award: 36,359 performance-based RSUs (Acquisition, code A) recorded at $0.00 per share.
  • Withholding: 6,831 shares withheld to satisfy tax obligations (Disposition, code F) at $37.88/share = $258,758.
  • Net shares received after withholding: 29,528.
  • Footnotes: F1 = award is performance-based RSU tied to issuer performance goals; F2 = shares withheld to satisfy tax liability upon vesting.
  • Shares owned after the transaction: not disclosed in the summary data provided.

Context

  • This was a vesting/award event (not an open-market purchase or sale). The share withholding is a routine cashless withholding to satisfy taxes and is common when RSUs vest; it should not be read as a directional bet by the insider.