Form 4: Teradata Director Daniel R. Fishback Reports Acquisition of Restricted Share Units

Director Daniel R. Fishback reports acquiring 6,927 restricted share units in Teradata Corp.

Summary

• On May 14, 2024, Daniel R. Fishback, a director of Teradata Corp, acquired 6,927 shares of common stock.
• These shares were awarded as restricted share units under the Director Compensation Program.
• The units vest in four equal, quarterly installments starting three months after the grant date.
• Following the transaction, Fishback beneficially owns 56,033 shares of Teradata Corp.
• The transaction was reported on a Form 4 filed with the SEC on May 15, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard transaction (acquisition of restricted share units) which indicates confidence from a director in the company's future.

Positives

• The acquisition of restricted share units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted share units vest in four equal, quarterly installments commencing three months after the grant date, suggesting a long-term commitment from the director.

Industry Context

Director compensation in the form of restricted share units is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to board members is a common practice among publicly traded companies, including competitors like Oracle and IBM, to align their interests with shareholder value.
• The vesting schedule of quarterly installments is fairly standard, similar to vesting schedules seen in companies like Salesforce and Microsoft, where RSUs often vest over a period of 1-4 years.

Stakeholder Impact

• The acquisition of restricted share units by a director can positively influence shareholder confidence.

Key Dates