Form 4: Director Michael T. Smith Receives Teledyne Stock Units

Teledyne Technologies Director Michael T. Smith was granted 319 restricted stock units as part of his non-employee director compensation.

Summary

• Director Michael T. Smith acquired 319 restricted stock units (RSUs) on April 22, 2026.
• The RSUs were issued under the Teledyne Technologies Incorporated 2014 Incentive Award Plan.
• Each RSU represents a contingent right to receive one share of Teledyne common stock.
• The units vest one year from the date of grant, with delivery of shares occurring after vesting unless deferred until separation from Board service.
• Following this transaction, the reporting person holds a total of 47,647 shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of director compensation that does not signal a change in company strategy or financial health.

Positives

• Director alignment with shareholder interests is maintained through equity-based compensation.
• The grant reflects standard corporate governance practices for non-employee director remuneration.

Negatives

• None identified; this is a routine compensatory disclosure.

Risks

• Value of the equity grant is subject to market fluctuations in Teledyne Technologies common stock.

Future Outlook

The RSUs are scheduled to vest one year from the grant date, at which point shares will be delivered unless the director has elected to defer receipt until separation from the Board.

Industry Context

StockSavvy.ai notes that this filing represents standard administrative equity compensation for board members in the aerospace and industrial technology sector, reflecting typical corporate governance practices.

Comparison to Industry Standards

• The use of restricted stock units for non-employee director compensation is consistent with standard practices at peer companies like L3Harris, Northrop Grumman, and Honeywell.
• The one-year vesting schedule is a common industry benchmark for director equity awards.

Corporate Governance

Stakeholder Impact

• Shareholders: No material impact; this is a standard compensatory grant.

Next Steps

• Vesting of the 319 restricted stock units on April 22, 2027.

Key Dates

Keywords

Teledyne Technologies, TDY, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction