Form 4: Teradata Director Timothy Chou Receives Restricted Share Units

Director Timothy Chou acquired 6,927 restricted share units in Teradata Corp under the Director Compensation Program.

Summary

• On May 14, 2024, Timothy C.K. Chou, a director of Teradata Corp, was granted 6,927 restricted share units (RSUs) under the Director Compensation Program.
• These units vest in four equal quarterly installments, starting three months after the grant date.
• Chou has elected to defer receipt of the shares until five years from the grant date.
• Following this transaction, Chou beneficially owns 37,160 shares of Teradata Corp.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. The deferred receipt of shares suggests a positive long-term outlook from the director.

Positives

• The grant of restricted share units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The director's deferred receipt of shares suggests a long-term commitment to the company's success.

Industry Context

Granting restricted stock units to directors is a common practice to align their interests with those of shareholders and incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the grant of RSUs as a positive sign, aligning director interests with long-term company performance.
• Employees may see this as a sign of stability and commitment from the leadership.

Key Dates