Form 4: Teledyne Executive Granted 990 Restricted Stock Units

Melanie Susan Cibik, EVP, General Counsel, CCO & Secretary of Teledyne Technologies Inc., was granted 990 Restricted Stock Units.

Summary

• Melanie Susan Cibik, an Executive Vice President, General Counsel, Chief Compliance Officer, and Secretary at Teledyne Technologies Inc. (TDY), was granted 990 Restricted Stock Units (RSUs).
• The grant occurred on January 20, 2026, under the company's 2026-2028 Performance-Based Restricted Stock Unit Award Program.
• The RSUs will vest and shares will be delivered to Ms. Cibik following the vesting date of January 20, 2028.
• The price used to calculate the number of Restricted Stock Units awarded was $531.67 per share.
• Following this transaction, Ms. Cibik beneficially owns 990 derivative securities (RSUs) directly.

Sentiment

Score: 7

Explanation: The grant of performance-based Restricted Stock Units to a key executive is generally a positive signal for executive retention and alignment with shareholder interests, reflecting standard corporate governance practices.

Positives

• The grant of 990 Restricted Stock Units to a key executive, Melanie Susan Cibik, aligns her interests with long-term shareholder value through performance-based incentives.
• The award program (2026-2028 Performance-Based Restricted Stock Unit Award Program) indicates a structured approach to executive compensation and retention.

Future Outlook

The Restricted Stock Units are part of a performance-based award program spanning 2026-2028, indicating a future vesting event on January 20, 2028, when vested shares will be delivered.

Industry Context

Executive compensation through equity awards like Restricted Stock Units is a standard practice across various industries, including technology and aerospace, to incentivize long-term performance and retain key talent. This grant is consistent with typical executive compensation structures.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a common practice, aligning with industry standards for long-term incentive plans.
• Performance-based RSU programs, such as Teledyne's 2026-2028 program, are widely adopted by companies like Lockheed Martin, Raytheon Technologies, and Northrop Grumman to link executive rewards directly to company performance and shareholder value creation.

Stakeholder Impact

• Shareholders: The grant of performance-based RSUs aims to align executive incentives with long-term shareholder value creation.
• Employees: This transaction specifically impacts a senior executive, Melanie Susan Cibik, as part of her compensation package, potentially influencing overall morale and retention strategies for key personnel.

Next Steps

• The Restricted Stock Units are scheduled to vest on January 20, 2028, at which point the underlying common stock will be delivered to Melanie Susan Cibik.

Key Dates

Keywords

Teledyne Technologies, TDY, Restricted Stock Units, RSU grant, executive compensation, insider transaction, Form 4, Melanie Susan Cibik