Hutchinson Michael D sold $1.4M of TDC
Hutchinson Michael D (Chief Operating Officer) sold 48,077 shares of TERADATA CORP /DE/ (TDC) at $30.00 ($1.44M total) on 2026-09-15 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosed sale reduces the insider's ownership but is executed via a pre‑arranged plan, limiting speculative impact.
Market read
Insider sale may cause short‑term bearish sentiment for TDC, though the pre‑arranged nature tempers impact.
What to watch
Executive may be diversifying holdings or meeting personal liquidity needs, not necessarily a lack of confidence.
Background
SEC Form 4 filing discloses insider transactions; such filings are primary sources of corporate insider activity.
Ticker impact
COO Michael Hutchinson sold 48,077 shares for $1.44M via a 10b5‑1 plan, reducing his stake to 171,927 shares.
Possible modest downside of 1‑2% over the next few days.
The sale is sizable for a mid‑cap but still under $2M; executed under a pre‑arranged plan, limiting immediate speculation.
Market effects
Data‑warehousing sector may see slight pressure as insider sales can be viewed as a bearish signal.
Limited to U.S. equity markets; no broader regional effect.
Minimal global impact; only relevant to investors tracking Teradata.
Counterpoint
The sale was pre‑arranged under a 10b5‑1 plan, suggesting no new information; price may remain stable.
Key entities
- CompanyTeradata Corp.
Provider of data warehousing and analytics solutions, ticker TDC.
- ExecutiveMichael D. Hutchinson
Chief Operating Officer of Teradata Corp.


