Form 4: Teradata Director Lisa R. Bacus Reports Acquisition of Restricted Share Units

Lisa R. Bacus, a director of Teradata Corp, reported the acquisition of 6,927 restricted share units on May 14, 2024, under the Director Compensation Program.

Summary

• On May 14, 2024, Lisa R. Bacus, 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 restricted share units vest in four equal, quarterly installments starting three months after the grant date.
• Following the transaction, Lisa R. Bacus directly owns 63,615 shares of Teradata Corp.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard director compensation practice. The acquisition of shares by a director is generally viewed positively, but it's a routine event.

Positives

• The acquisition of restricted share units by a director signals 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, indicating a long-term incentive structure.

Industry Context

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

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates