Form 4: Teradata Director McElhatton Reports Stock Award
Statement of Changes in Beneficial Ownership
Teradata Director Todd McElhatton reported the acquisition of 8,790 shares of common stock through an award of restricted share units.
Summary
- Todd McElhatton, a Director at Teradata Corporation, was granted 8,790 restricted share units (RSUs) on May 14, 2026.
- These RSUs are part of the Director Compensation Program.
- The units will vest in four equal quarterly installments, with the first vesting occurring three months after the grant date.
- Following this transaction, McElhatton beneficially owns 41,665 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard equity award to a director rather than a significant financial event or strategic shift.
Positives
- Director compensation through equity awards aligns management interests with shareholders.
- The grant of RSUs indicates continued investment in retaining experienced leadership.
- The vesting schedule encourages long-term commitment from the director.
Future Outlook
The restricted share units vest in four equal quarterly installments commencing three months after the grant date, indicating a phased increase in beneficial ownership over time.
Industry Context
StockSavvy.ai notes that equity awards to directors are a common practice in the technology sector, including companies like Teradata, to incentivize performance and align executive interests with shareholder value.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Todd McElhatton granted a Limited Power of Attorney to Irving Gomez, Scot F. Rogers, and Juliet C. Shadoan to act on his behalf for SEC filings, including Forms 3, 4, and 5. | 02/17/2026 | Facilitates timely and accurate filing of required ownership reports by delegating administrative and filing tasks. |
Stakeholder Impact
- Shareholders: The award aligns director incentives with long-term company performance and shareholder value.
- Employees: The compensation structure for directors can influence overall compensation philosophy within the company.
- Management: Reinforces the use of equity as a compensation tool for key leadership.
Next Steps
- Vesting of restricted share units in four equal quarterly installments.
- Continued reporting of beneficial ownership changes as required by Section 16(a).
Key Dates
| Date | Description |
|---|---|
| 02/17/2026 | Effective date of the Limited Power of Attorney granted by Todd McElhatton. |
| 05/14/2026 | Transaction date for the award of restricted share units. |
| 05/18/2026 | Date of signature for the Form 4 filing. |
Keywords
Teradata, TDC, Form 4, SEC Filing, Director Compensation, Restricted Share Units, Equity Award, Beneficial Ownership
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