Teradata COO Sold Shares Under Pre-Scheduled Plan
The executive offloaded over 48,000 shares, a move structured under a pre-established 10b5-1 trading plan.
Updated on Sept. 28, 2026 in Public Companies
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Teradata Chief Operating Officer Michael D. Hutchinson sold 48,077 shares of company stock on September 15, 2026. The transaction, executed at an average price of $30.00 per share, was conducted via a Rule 10b5-1 trading plan.
Why it matters
Insider trading plans are designed to preempt potential conflicts of interest by scheduling transactions months in advance. For operators, this mechanism provides a standardized approach for leadership to manage personal equity while maintaining transparency.
The sale totaled approximately $1.4 million in equity at a weighted average price of $30.00 per share. Teradata, headquartered in San Diego, reported TTM revenue of $1.7 billion with a net margin of 26.94%.
The players
Teradata Corporation
A San Diego-based technology firm specializing in cloud-based data platform and analytics services.
Michael D. Hutchinson
The Chief Operating Officer at Teradata who oversees company-wide operational strategy and execution.
The details
The sale was executed pursuant to a Rule 10b5-1 plan established by Hutchinson on May 7, 2026. This administrative framework allows executives to bypass regulatory scrutiny by locking in trade timing and volume before they possess non-public material information. Teradata maintains this governance protocol to ensure executive equity liquidation does not signal shifts in corporate performance or strategic outlook.
Timeline
May 7, 2026: The Rule 10b5-1 trading plan was established.
August 4, 2026: The second-quarter earnings report was announced.
September 15, 2026: The COO sold 48,077 shares of Teradata stock.
September 16, 2026: The company stock price reached $29.17.
Market Landscape
The use of Rule 10b5-1 aligns with established regulatory norms for public company executives looking to divest holdings systematically. This approach mitigates legal risk while mirroring broader industry trends regarding transparent executive compensation and equity management.
Operators should view these pre-scheduled sales as routine equity management rather than signals of near-term corporate instability. Monitor Teradata’s fourth-quarter revenue performance as a key indicator following the projected 4% to 6% decline in third-quarter sales.
The takeaway
Pre-scheduled trading plans serve as a vital tool for decoupling executive financial decisions from daily operational news. When analyzing executive equity moves, confirm whether the transaction was independent or tied to a Rule 10b5-1 plan to distinguish between routine liquidation and reactive selling.
Further reading
For more on corporate governance and executive activity, visit our Public Companies section.
Source note: This article includes information reported by The Motley Fool.
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