Maria Teresa Tejada
Director at FDS
Board
About Maria Teresa Tejada
Maria Teresa Tejada, age 58, is an independent director of FactSet Research Systems Inc. and has served on the Board since 2022; she is currently a member of the Audit Committee and is nominated for a one-year term expiring at the 2026 Annual Meeting of Stockholders . She is a Senior Expert Partner in Bain & Company’s Financial Services practice and a leader on Bain’s global Risk, Finance & Compliance team; prior roles include Managing Director, Credit Risk Management & Advisory at Goldman Sachs, Chief Credit Officer and Deputy Chief Risk Officer at KeyCorp, and Chief Strategic Enterprise Risk Officer at Wells Fargo; she holds an M.A. from The Fletcher School (Tufts University) and a B.A. from Williams College .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bain & Company | Senior Expert Partner, Financial Services; leader, Risk/Finance/Compliance | Not disclosed | Advises on governance and risk; board/investor/regulator engagement |
| Goldman Sachs | Managing Director, Credit Risk Management & Advisory | Not disclosed | Designed/implemented credit underwriting enhancements |
| KeyCorp | Chief Credit Officer; Deputy Chief Risk Officer | Not disclosed | Enhanced risk operating models |
| Wells Fargo | Chief Strategic Enterprise Risk Officer | Not disclosed | Managed risks of M&A; regulatory guidance |
| Federal Reserve (early career) | International bank supervisor | Not disclosed | Regulatory insights informing innovation/governance |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Pacific Mutual Holding Company | Board Director | Not disclosed | Not disclosed |
| Cleveland Museum of Natural History | Board Director | Not disclosed | Not disclosed |
Board Governance
- Independence: Tejada is an independent director per Board summary (all directors independent other than CEO) .
- Committee assignments: Audit Committee member; not a chair; Board has fully independent Audit, Compensation & Talent, and Nominating & Corporate Governance Committees .
- Term and refreshment: Nominated to a one-year term expiring at the 2026 Annual Meeting; Board practices annual elections beginning 2025 .
- Attendance: The Board met six times in fiscal 2025; Audit Committee met seven times; no director attended fewer than 75% of Board and committee meetings in aggregate in fiscal 2025 .
- Audit Committee engagement: Tejada signed the Audit Committee Report alongside Chair Laurie Hylton, Robin Abrams, and Siew Kai Choy, evidencing active participation .
- ERM oversight: Audit Committee oversees enterprise risk management, including data/cybersecurity and financial reporting risks .
- Governance practices: Board maintains anti-hedging/pledging policy, clawback, stock ownership requirements, majority voting in uncontested elections, proxy access, and regular executive sessions .
Fixed Compensation
| Fiscal Year | Fees Earned (Cash) | Stock Awards (RSUs, fair value) | Option Awards (fair value) | Total |
|---|---|---|---|---|
| FY2025 | $0 | $162,799 | $97,518 | $260,316 |
| 2025 Director Program Elements | Amounts / Details | Vesting / Term |
|---|---|---|
| Annual retainer (Jan 1–Aug 31, 2025) | $60,000; director may elect cash or equivalent equity (37.5% options, 62.5% RSUs) | N/A (retainer election) |
| Annual equity grants (Jan 15, 2025) | $75,000 options; $125,000 RSUs | Options and RSUs vest 100% on first anniversary; options have 7-year term |
| Grant mechanics (Jan 15, 2025) | 518 options and 278 RSUs to each non-employee director | Vests 1-year; options expire after 7 years |
| Tejada’s retainer election (2025) | Opted for equity retainer: 155 options and 83 RSUs | Same vesting/term as above |
| Exercise price (options) | $453.98 (closing price on Jan 15, 2025) | 7-year term |
| Grant-date fair values | Options $144.90; RSUs $449.72 | N/A |
Performance Compensation
| Element | Performance Metrics | Outcome / Notes |
|---|---|---|
| Non-Equity Incentive Plan Compensation | None for directors | $0 in FY2025 |
| Equity Awards | Time-vesting; no performance conditions for director grants | 1-year cliff vest; options 7-year term |
No performance-vesting (PSUs) or incentive metrics apply to non-employee director compensation; RSUs and options are time-based for alignment and retention .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None disclosed for Tejada |
| Other boards | Pacific Mutual Holding Company; Cleveland Museum of Natural History |
| Interlocks with competitors/suppliers/customers | None disclosed; Board has a policy on public company board service |
| Related-party transactions | None material with related persons in fiscal 2025; Audit Committee reviews per policy |
Expertise & Qualifications
- Risk management: Deep subject matter expertise; designed transformational risk initiatives; ERM dialogue with boards/investors/regulators .
- Regulatory and governance: Early career international bank supervisor at the Federal Reserve; advises on governance and regulatory implications of innovation .
- Technology/data/cybersecurity exposure: Board skills matrix highlights directors’ technology/data/cybersecurity competencies; Tejada brings relevant risk oversight experience to Audit Committee .
- Global experience and strategic planning/M&A: Extensive global executive advisory background; supports risk aspects of M&A .
Equity Ownership
| As of Oct 1, 2025 | Shares Beneficially Owned | Percent of Class | RSUs Outstanding (not fully vested) | Options Outstanding (some not fully vested) |
|---|---|---|---|---|
| Maria Teresa Tejada | 2,673 | <1% | 362 | 2,732 |
| Ownership Alignment Policies | Requirement / Status |
|---|---|
| Director stock ownership guideline | Minimum $400,000 value; adopted Sept 22, 2020 |
| Compliance mechanics | If not met by target date, must retain 50% of net shares from future equity until achieved |
| Counting rules | Includes direct/beneficial holdings and 75% of vested, in-the-money options |
| Hedging/pledging | Prohibited for directors and officers |
Governance Assessment
- Board effectiveness: Tejada strengthens Audit Committee oversight with risk governance and regulatory fluency; her signature on the Audit Committee Report indicates substantive engagement during FY2025 .
- Independence and attendance: Independent director, Audit Committee member; Board met six times and Audit Committee seven times in FY2025 with no director below 75% aggregate attendance—supportive of effective oversight cadence .
- Alignment signals: Elected to receive the annual retainer in equity (options and RSUs), increasing skin-in-the-game; standard annual equity grants vest over one year and options have seven-year terms, promoting medium-term alignment .
- Compensation governance quality: Non-employee director pay program reviewed against market and updated in 2025; Compensation & Talent Committee is fully independent and engages Meridian; company policies include clawback and anti-hedging/pledging .
- Ownership posture: Beneficial ownership of 2,673 shares and outstanding awards underscore exposure to equity; director ownership guidelines require $400,000 value, with retention requirements until achieved—individual compliance status for directors not disclosed .
- Conflicts/RED FLAGS: No related-party transactions in FY2025; legal proceedings screen shows no disclosable items; company prohibits option repricing and pledging—no hedging/pledging by directors permitted .
Monitoring items for investors: confirm director-level compliance with ownership guidelines over time; track continued Audit Committee ERM engagement, especially cybersecurity; watch any changes to director pay mix or the adoption of meeting or chair fees affecting independence; and monitor any new external directorships for potential interlocks or conflicts .