Form 4: Teradata Executive Hillary Ashton Reports Acquisition of Restricted Share Units
SEC Form 4 Filing
Hillary Ashton, Chief Product Officer of Teradata, reports the acquisition of 34,078 restricted share units on February 27, 2024.
Summary
- On February 27, 2024, Hillary Ashton, Chief Product Officer of Teradata Corp, acquired 34,078 restricted share units.
- These restricted share units vest in three equal annual installments starting on February 27, 2025.
- Following this transaction, Ashton directly owns 166,447 shares of Teradata common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted share units by a key executive generally indicates confidence in the company's future, but it's a routine transaction.
Positives
- The acquisition of restricted share units by a key executive signals confidence in the company's future performance.
Future Outlook
The restricted share units vest over three years, suggesting a long-term commitment by the executive to the company's success.
Industry Context
Executive compensation in the form of restricted stock units is a common practice in the tech industry to align management's interests with those of shareholders.
Comparison to Industry Standards
- Companies like Snowflake, Databricks, and Oracle also use restricted stock units as part of their executive compensation packages.
- The vesting schedules and amounts vary based on the executive's role, performance, and company policies.
- Comparing the size of this grant to similar roles at comparable companies would provide further context.
Stakeholder Impact
- Shareholders may view this as a positive sign of executive alignment with company goals.
- Employees may see this as a sign of stability and commitment from leadership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Date of transaction: Acquisition of 34,078 restricted share units. |
| 02/27/2025 | First vesting date for the restricted share units, with vesting occurring in three equal annual installments. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.