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

Michael P. Gianoni, a director of Teradata Corp, reported the acquisition of restricted share units on May 14, 2024.

Summary

• On May 14, 2024, Michael P. Gianoni, a director of Teradata Corp, acquired 6,927 shares of common stock through an award of restricted share units.
• The restricted share units were issued under the Director Compensation Program.
• These units vest in four equal, quarterly installments starting three months after the grant date.
• Following the transaction, Gianoni directly owns 45,034 shares of Teradata common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard director compensation practice, indicating confidence in the company's future.

Positives

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

Future Outlook

The restricted share units will 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

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

• Director compensation packages often include a mix of cash and equity.
• Restricted stock units are a typical component, vesting over a period of years to incentivize long-term performance.
• Companies like Oracle, SAP, and IBM also use similar equity-based compensation for their directors.

Stakeholder Impact

• The acquisition of restricted share units by a director can positively influence shareholder confidence.
• It aligns the director's interests with the long-term success of the company.

Key Dates