Teradata COO Sells Over 48,000 Shares Worth $1.4 Million
On September 15, 2026, Teradata Corporation's Chief Operating Officer, Michael Hutchinson, sold 48,077 shares of the company for a total value of approximately $1.4 million under a pre-established Rule 10b5-1 trading plan. The transaction occurred at an average price of $30 per share and was executed to avoid any appearance of insider trading based on non-public information. Following this sale, Hutchinson retained direct ownership of around 172,000 shares in Teradata, representing a stake worth approximately $5.05 million as of the transaction date. The stock closed at $29.39 that day and dropped further to $29.17 by September 16. The sale took place after a period where Teradata's share price had partially recovered from an earlier decline following weak second-quarter earnings in August 2026, which included flat revenue growth and a forecast for declining Q3 sales.
Tickers: $TDC
Topics: executive sale Rule 10b5-1 plan Teradata Corporation