Form 4: Teledyne Technologies Director Charles Crocker Exercises Stock Options and Sells Shares

Director Charles Crocker exercised stock options and sold shares of Teledyne Technologies on March 5, 2024.

Summary

• On March 5, 2024, Charles Crocker, a director of Teledyne Technologies, exercised stock options to acquire 4,000 shares of common stock at a price of $94.24 per share.
• Simultaneously, Crocker sold 4,000 shares of Teledyne Technologies common stock at a weighted average price of $422.4616, with individual sales prices ranging from $422.16 to $423.095.
• Following these transactions, Crocker directly owns 45,932 shares, including 987 Restricted Stock Units, and indirectly owns 13,513 shares through the Crocker Revocable Trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of insider trading activity. It doesn't necessarily reflect a broader trend in the industry but provides transparency into the actions of company insiders.

Comparison to Industry Standards

• Insider trading activity is common and closely monitored across publicly traded companies.
• Form 4 filings are a standard requirement by the SEC to ensure transparency and prevent illegal insider trading.
• The reported transactions are typical for directors who receive stock options as part of their compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.
• The impact on other stakeholders is likely negligible.

Key Dates