Form 4: Teledyne Technologies Director Charles Crocker Reports Acquisition of Restricted Stock Units

Director Charles Crocker reported the acquisition of 468 restricted stock units of Teledyne Technologies on April 24, 2024.

Summary

• Charles Crocker, a director of Teledyne Technologies, reported acquiring 468 shares of common stock on April 24, 2024.
• These shares were acquired in the form of Restricted Stock Units (RSUs) under the company's 2014 Incentive Award Plan.
• The RSUs vest one year from the grant date, and each unit represents a contingent right to receive one share of Teledyne Common Stock.
• The price used in determining the number of units was $362.50.
• Following the transaction, Crocker beneficially owns a total of 46,400 shares, including shares held directly and through a revocable trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of RSUs by a director is generally seen as a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

Shares of common stock will be delivered to the Reporting Person following the vesting date, unless the Reporting Person has made an election to defer delivery of shares until separation from Board service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Key Dates