Form 4: Teledyne Executive Reports Stock Forfeiture, Tax Withholding

Teledyne Technologies' EVP, General Counsel, CCO & Secretary, Melanie Susan Cibik, reported the forfeiture of 165 shares and withholding of 145 shares for taxes upon the vesting of a restricted stock award.

Summary

• Melanie Susan Cibik, EVP, General Counsel, CCO & Secretary of Teledyne Technologies Inc. (TDY), reported changes in her beneficial ownership.
• On January 24, 2026, 165 shares of Common Stock were forfeited upon the vesting of the 2023-2025 Restricted Stock Award Program.
• On the same date, 145 shares of Common Stock were automatically withheld to satisfy tax obligations.
• Following these transactions, Ms. Cibik directly beneficially owns 26,248.2483 shares of Common Stock.
• This beneficial ownership includes 263.3180 equivalent shares held in the Teledyne Technologies 401(k) Plan and 511.9303 shares purchased through the Teledyne Technologies ESPP, based on information received January 16, 2026.
• The reported beneficial ownership does not include 2,961 Restricted Stock Units.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: This Form 4 reports routine transactions related to executive compensation, specifically the forfeiture of restricted stock and shares withheld for tax purposes upon vesting. It does not indicate any significant positive or negative operational or financial news for the company.

Positives

• Transactions were executed under a Rule 10b5-1 plan, indicating pre-planned sales and enhancing transparency regarding insider trading.

Negatives

• 165 shares were forfeited upon vesting of a restricted stock award, reducing the executive's direct equity holdings.
• 145 shares were withheld for tax purposes, further reducing the executive's direct equity holdings.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction report, common across publicly traded companies, reflecting standard executive compensation practices and tax compliance rather than broader industry trends or competitive dynamics.

Comparison to Industry Standards

• The forfeiture of restricted stock upon vesting and the withholding of shares for tax purposes are standard practices in executive compensation across various industries.
• The use of a Rule 10b5-1 plan for these transactions aligns with best practices for corporate governance, similar to how executives at companies like Lockheed Martin or Northrop Grumman manage their equity awards to avoid insider trading concerns.

Corporate Governance

Related Party Transactions

• The forfeiture of shares and tax withholding related to executive compensation are standard related-party transactions between the company and its executive.

Stakeholder Impact

• Shareholders: Minimal impact, as these are routine executive compensation events and do not reflect significant operational or financial changes for the company.
• Employees: No direct impact beyond the executive involved.

Key Dates

Recommendation

This Form 4 details routine executive compensation transactions (restricted stock forfeiture and tax withholding) executed under a 10b5-1 plan. It provides no new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals rather than this specific filing.

Keywords

Teledyne Technologies, TDY, insider transaction, Form 4, executive compensation, restricted stock, stock forfeiture, tax withholding, Melanie Susan Cibik, Rule 10b5-1