Form 4: Teledyne Director Kenneth Dahlberg Reports Acquisition of Restricted Stock Units

Director Kenneth Dahlberg reports acquisition of restricted stock units in Teledyne Technologies Inc.

Summary

• Kenneth C. Dahlberg, a director of Teledyne Technologies Inc., reported the acquisition of 468 shares of common stock in the form of Restricted Stock Units (RSUs) on April 24, 2024.
• These RSUs were granted under the company's 2014 Incentive Award Plan related to Non-Employee Director Restricted Stock Unit Awards and Fees.
• Each RSU represents a contingent right to receive one share of Teledyne Common Stock.
• The RSUs vest one year from the date of grant.
• The reporting person holds 887 shares directly and 18,316 shares held indirectly by the Dahlberg Trust.
• Following the transaction, Dahlberg beneficially owns 19,203 shares of Teledyne Technologies Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of director compensation. The acquisition of stock units is generally a positive sign, but it's not a major event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

Shares of common stock will be delivered to the Reporting Person following the vesting date, unless the Reporting Person has made an election to defer delivery of shares until separation from Board service.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates