Teradata Reports Inducement Award Pursuant to NYSE Rule 303A.08
Teradata Corporation (TDC)
Last teradata corporation earnings: 2/6 04:05 pm
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US:NYSE Investor Relations:
investor.teradata.com/about-teradata/default.aspx
Company Research
Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Teradata Corporation (NYSE: TDC) today announced that the Compensation and Human Resource Committee of the Board of Directors (the Committee) has granted an equity award to new Chief Revenue Officer, Todd Cione, effective January 5, 2021. The award was granted pursuant to the company’s previously-announced New Employee Stock Inducement Plan (NESIP) and as a material inducement to Mr. Cione joining Teradata as Chief Revenue Officer.The award granted to Mr. Cione under the NESIP is a make-whole award consisting of service-based restricted share units covering 308,506 shares, which shall vest as follows: (i) 25% on the six month anniversary of the grant date, (ii) 25% on the first anniversary of the grant date, (iii) 30% on the second anniversary of the grant date, and (iv) the remaining 20% on the third anniversary of the grant date. Pursuant to the NESIP, the company may grant equity incentive compensation as a material inducement for certain individuals
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