Form 4: Teradata Director Kimberly K. Nelson Reports Acquisition of Restricted Share Units
SEC Form 4
Director Kimberly K. Nelson reports the acquisition of restricted share units in Teradata Corp.
Summary
- On May 14, 2024, Kimberly K. Nelson, a director of Teradata Corp, reported the acquisition of 6,927 shares of common stock.
- These shares were awarded as restricted share units under the Director Compensation Program.
- The restricted share units vest in four equal, quarterly installments starting three months after the grant date.
- Following the transaction, Nelson beneficially owns 41,696 shares of Teradata Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. It doesn't indicate any significant positive or negative outlook for the company.
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 continued relationship between the director and the company.
Industry Context
This filing is a routine disclosure related to director compensation and aligns with standard corporate governance practices.
Stakeholder Impact
- The acquisition of restricted share units by a director may have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: Kimberly K. Nelson acquired restricted share units. |
| 05/15/2024 | Date of signature: Form 4 signed by Juliet C. Shadoan, Attorney-in-fact for Kimberly K. Nelson. |
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