Teradata (TDC) director Todd McElhatton granted 8,790 restricted share units in new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McElhatton Todd reported acquisition or exercise transactions in this Form 4 filing.
Teradata Corp. director Todd McElhatton received an equity award of 8,790 shares of Common Stock in the form of restricted share units. The grant was made at no cash cost to him and increased his direct holdings to 41,665 shares.
The award was issued under Teradata’s Director Compensation Program and will vest in four equal quarterly installments, starting three months after the grant date. This structure spreads the benefit over one year and ties director compensation to the company’s share performance over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McElhatton Todd
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,790 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,665 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted share units granted: 8,790 shares
Total shares after transaction: 41,665 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Restricted share units granted
8,790 shares
Equity award to director Todd McElhatton
Total shares after transaction
41,665 shares
Director’s direct holdings following grant
Grant price per share
$0.00 per share
Stock-based compensation, no cash paid by director
Vesting schedule
4 equal quarterly installments
Begins three months after grant date
Key Terms
restricted share units, Director Compensation Program, vest, Form 4
4 terms
Director Compensation Program financial
"Award of restricted share units issued under the Director Compensation Program."
vest financial
"The units vest in four equal quarterly installments commencing three months after the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Teradata (TDC) director Todd McElhatton report in this Form 4 filing?
Todd McElhatton reported receiving 8,790 restricted share units of Teradata Common Stock as an equity award. The grant came at no cash cost to him and increased his direct holdings to 41,665 shares, reflecting routine director compensation in stock-based form.
What type of equity award did Teradata (TDC) grant to Todd McElhatton?
Teradata granted Todd McElhatton 8,790 restricted share units under its Director Compensation Program. Restricted share units are stock-based awards that convert into shares over time, typically subject to a vesting schedule, aligning director incentives with long-term shareholder interests and company performance.