Teradata (NYSE: TDC) director receives 8,790-share RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olsen Joanne Beth reported acquisition or exercise transactions in this Form 4 filing.
Teradata director Joanne Beth Olsen received an equity award of 8,790 shares of common stock as a restricted stock unit grant. The award was issued under the Director Compensation Program with no cash paid per share. These restricted share units vest in four equal quarterly installments, starting three months after the grant date, providing staggered delivery over the next year. Olsen has elected to defer receipt of the underlying shares until after her service as a director ends, turning this into a longer-term compensation arrangement. Following this grant, she directly holds 69,001 shares of Teradata common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Olsen Joanne Beth
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,790 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 69,001 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 8,790 shares
Grant price: $0.00 per share
Post-transaction holdings: 69,001 shares
+1 more
4 metrics
RSU grant size
8,790 shares
Restricted share units granted to director Joanne Beth Olsen
Grant price
$0.00 per share
Equity award issued as compensation, not a purchase
Post-transaction holdings
69,001 shares
Total Teradata common stock held directly after the grant
Vesting schedule
Four equal quarterly installments
Vesting starts three months after the grant date
Key Terms
restricted share units, Director Compensation Program, vest, defer receipt
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.
defer receipt financial
"The reporting person has elected to defer receipt of the shares until after the termination of service as a director."
FAQ
What insider transaction did Teradata (TDC) report for Joanne Beth Olsen?
Teradata reported that director Joanne Beth Olsen received an award of 8,790 shares of common stock as restricted share units. The grant is part of the company’s Director Compensation Program and increases her direct holdings to 69,001 shares after the transaction.
Was Joanne Beth Olsen’s Teradata (TDC) stock award a market purchase or a grant?
The transaction was a grant of 8,790 restricted share units, not a market purchase. It was issued at a price of $0.00 per share as director compensation rather than through buying shares in the open market or a private transaction.
What is the significance of the Teradata (TDC) Director Compensation Program in this filing?
The Director Compensation Program is the plan under which Olsen’s 8,790 restricted share units were granted. It structures how non-employee directors are compensated in equity, including the vesting schedule and the option to defer receipt of the underlying shares.