Teradata's CEO Sells 10,000 Shares Worth More Than $300,000
Key Points
The executive sold 10,000 shares at a weighted average price of $30.02, representing a total transaction value of $300,200 on September 15, 2026.
The disposal involved shares equal to 1% of the total equity stake held by the CEO prior to the transaction.
The transaction was executed directly, leaving the President and CEO with a remaining direct ownership of 752,446 shares.
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Stephen McMillan, President and Chief Executive Officer of Teradata Corporation (NYSE:TDC), executed a sale of 10,000 shares of common stock on September 15, 2026 under a Rule 10b5-1 trading plan. The details of the transaction are documented in a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $300,200 |
| Shares sold (direct) | 10,000 |
| Post-transaction shares (directly held) | 752,446 |
| Post-transaction value | ~$22.11 million |
Transaction value based on SEC Form 4 weighted average sale price ($30.02); post-transaction value based on September 15, 2026 market close ($29.39).
Key questions
- How does the Rule 10b5-1 trading plan impact the interpretation of this transaction?
The establishment of the trading plan on May 18, 2026, suggests that the divestment was part of a structured portfolio management strategy. This mechanism ensures that the timing of the sale was determined well in advance of the execution date. - What is the current scale of the executive's remaining equity exposure?
Following the sale, the President and CEO retains ~752,000 shares held directly. This position carries a market value of ~$22.11 million based on the September 15, 2026 market close, representing approximately 0.80% of the company's total shares outstanding. - What has been the recent performance context for the stock?
As of the transaction date on September 15, 2026, the company's common stock had delivered a one-year total return of 37%. More recently, the shares were priced at $29.17 as of the September 16, 2026 market close. - Are there any disclosed indirect or derivative holdings for the executive?
The current filing reports no indirect holdings through trusts or other entities. Furthermore, the disclosure identifies no outstanding derivative securities or other share classes for the executive.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-16) | $29.17 |
| Market Capitalization | $2.8 billion |
| Revenue (TTM) | $1.7 billion |
| Net Income (TTM) | $458.0 million |
Company Snapshot
- Teradata Corporation delivers a unified multi-cloud data platform, which enables enterprises to integrate diverse data sources and perform comprehensive analytics across their organizations.
- The company generates revenue through software licensing, cloud services, and professional services, leveraging its proprietary data analytics platform to serve large-scale enterprise customers requiring robust data management and analytics capabilities.
- Teradata primarily serves large enterprises and organizations across multiple industries that require sophisticated data integration, analytics, and cloud migration solutions to optimize their data ecosystems.
Teradata Corporation is a $2.8 billion market cap software infrastructure provider specializing in enterprise-grade data analytics and multi-cloud platforms. The company has demonstrated strong financial performance with trailing 12-month revenue of $1.7 billion and net income of $458.0 million, reflecting a 26.94% net margin.
Based in San Diego, Teradata maintains a competitive position in the enterprise analytics market through its differentiated platform, which simplifies complex data ecosystems and facilitates cloud migration for large institutional customers.
What this transaction means for investors
Teradata CEO Stephen McMillan's September 15 stock sale at a weighted average price of $30.02 occurred at a time when shares were down from the 52-week high of $41.78. That said, his disposition does not reflect the insider's view on the stock, since it was a non-discretionary transaction executed as part of a pre-established Rule 10b5-1 plan.
In addition, McMillan retains over 752,000 directly held shares post-sale. This is a sizable equity stake, ensuring his continued alignment with shareholder interests.
Teradata stock fell after the company reported its second quarter earnings results on Aug. 4. Q2 revenue was $410 million, a modest increase from the prior year's $408 million. However, Teradata forecasted Q3 sales to fall by 4% to 6% year over year.
The company's management stated that it expects "the majority of our growth will come in Q4." Teradata reaffirmed its full-year outlook for 2026, and in Q2, its net income improved to $46 million compared to $9 million in 2025.
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Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool recommends Teradata. The Motley Fool has a disclosure policy.
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