Teradata Corporation announced that its independent Board members granted equity awards to new Chief Financial Officer, John Ederer, and Chief Product Officer, Sumeet Arora, effective May 16, 2025. These awards were made as a material inducement for them to join Teradata.
John Ederer received 410,959 shares of Teradata common stock under the 2025 New Employee Stock Inducement Plan (NESIP). His awards include a new hire grant of service-based restricted share units (RSUs), an annual grant of service-based RSUs, and an annual grant of performance-based RSUs.
Sumeet Arora received 296,804 shares under the NESIP, structured similarly with new hire, annual service-based, and annual performance-based RSUs. These inducement grants are subject to accelerated vesting provisions under Teradata’s Executive Severance Plan and Change in Control Plan, aligning executive interests with long-term company performance.
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