Form 4: Teledyne Technologies CFO Stephen Blackwood Reports Share Forfeiture
SEC Form 4 Filing
Teledyne Technologies' Senior VP and CFO, Stephen Blackwood, reported the forfeiture of 74 common stock shares due to the vesting of a restricted stock award.
Summary
- Stephen Blackwood, Senior VP and CFO of Teledyne Technologies, filed a Form 4 indicating a change in his beneficial ownership of company stock.
- The transaction involved the forfeiture of 74 common stock shares on January 25, 2025.
- This forfeiture occurred due to the vesting of a restricted stock award granted on January 25, 2022.
- Following the transaction, Mr. Blackwood directly holds 11,677.216 shares, which includes 445 restricted shares and 184.216 equivalent shares held in the company's 401(k) plan.
- The report does not include 1,847 Restricted Stock Units held by Mr. Blackwood.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions in company stock. This filing is typical for executives receiving stock-based compensation.
Comparison to Industry Standards
- Form 4 filings are a common practice across all publicly traded companies in the US.
- The forfeiture of shares due to vesting of restricted stock awards is a standard part of executive compensation packages.
- Companies like Lockheed Martin, Raytheon, and General Dynamics also have executives who regularly file Form 4s for similar transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.
- The forfeiture of shares does not affect the company's operations or financial position.
Key Dates
| Date | Description |
|---|---|
| 01/25/2022 | Date of the restricted stock award that vested, leading to the forfeiture. |
| 01/20/2023 | Date of information used to calculate 401(k) holdings. |
| 01/25/2025 | Date of the reported stock forfeiture. |
| 01/28/2025 | Date of the signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Teledyne Technologies, Stephen Blackwood, Stock Forfeiture, Restricted Stock, Executive Compensation
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