Form 4: Teledyne Senior VP Awarded 581 Performance RSUs

Teledyne Technologies' Senior VP and Controller, Cynthia Y. Belak, was awarded 581 performance-based restricted stock units.

Summary

• Cynthia Y. Belak, Senior VP and Controller of Teledyne Technologies Inc. (TDY), was awarded 581 Restricted Stock Units (RSUs).
• The award was made under the 2026-2028 Performance-Based Restricted Stock Unit Award Program.
• The RSUs are scheduled to vest on January 20, 2028.
• The price used to calculate the number of RSUs awarded was $531.67.
• Following this transaction, Cynthia Y. Belak beneficially owns 581 derivative securities (RSUs) directly.

Sentiment

Score: 7

Explanation: The filing reports a routine executive compensation award, which is a positive for the executive and generally neutral to slightly positive for the company as it aligns management incentives with long-term performance. No adverse information is present.

Positives

• The award of 581 Restricted Stock Units aligns the Senior VP and Controller's interests with long-term shareholder value.
• Participation in the 2026-2028 Performance-Based Restricted Stock Unit Award Program indicates a commitment to performance-driven compensation.

Negatives

• No negative aspects are directly reported in this routine executive compensation filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The awarded Restricted Stock Units are performance-based and are scheduled to vest on January 20, 2028, at which point vested shares will be delivered to the reporting person.

Management Comments

• Represents Restricted Stock Units issued to Reporting Person under the 2026-2028 Performance-Based Restricted Stock Unit Award Program.
• Vested shares will be delivered to Reporting Person following the vesting date.

Industry Context

The award of performance-based restricted stock units is a common practice in executive compensation across various industries, designed to incentivize long-term performance and align management interests with shareholder returns. This type of compensation is prevalent in technology and defense sectors where Teledyne Technologies operates.

Comparison to Industry Standards

• Performance-based RSU awards are a standard component of executive compensation packages in publicly traded companies, comparable to practices at peers like L3Harris Technologies, Raytheon Technologies, and FLIR Systems (prior to acquisition by Teledyne).
• The structure, linking vesting to future dates and potentially performance metrics (though specific metrics are not detailed in this Form 4), is consistent with best practices for executive retention and motivation.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor potential future dilution upon vesting, but aims to align executive interests with long-term shareholder value.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• Vesting of the 581 Restricted Stock Units on January 20, 2028.
• Delivery of vested shares of common stock to Cynthia Y. Belak following the vesting date.

Key Dates

Keywords

Teledyne Technologies, TDY, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Form 4, Performance-Based Award