Form 4: Teradata Director Michael Gianoni Reports Acquisition of Restricted Share Units

Michael Gianoni, a director at Teradata Corp, reports the acquisition of restricted share units under the Director Compensation Program.

Summary

• On May 15, 2025, Michael P. Gianoni, a director of Teradata Corp, acquired 11,489 shares of common stock through the award of restricted share units.
• These units were issued under the Director Compensation Program and vest in four equal quarterly installments, starting three months after the grant date.
• Following the transaction, Gianoni beneficially owns 56,523 shares of Teradata Corp.
• The transaction was reported on May 19, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The vesting schedule suggests a positive outlook for long-term commitment.

Positives

• The acquisition of restricted share units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The vesting of the restricted share units will occur in quarterly installments over the next year, aligning the director's compensation with the company's performance.

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.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice among publicly traded companies, including competitors like Oracle and IBM, to incentivize long-term value creation.
• The vesting schedule of quarterly installments is also a common approach to ensure continued commitment and alignment with company performance.

Stakeholder Impact

• The transaction aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• Employees may view this as a positive sign of leadership commitment.

Key Dates

Keywords

Teradata, Director Compensation Program, Restricted Share Units, Beneficial Ownership, Form 4, Gianoni, Director