Form 4: Teledyne Technologies Director Denise R. Singleton Reports Acquisition of Restricted Stock Units

Director Denise R. Singleton reports acquisition of 468 restricted stock units in Teledyne Technologies, vesting in one year, with potential deferral of share delivery until separation from board service.

Summary

• On April 24, 2024, Denise R. Singleton, a director of Teledyne Technologies Inc., acquired 468 restricted stock units (RSUs).
• These RSUs were granted under the company's 2014 Incentive Award Plan related to Non-Employee Director Restricted Stock Unit Awards and Fees.
• Each RSU represents a contingent right to receive one share of Teledyne Common Stock.
• The RSUs vest one year from the date of grant.
• Singleton directly holds 2,099 shares, including 1,746 Restricted Stock Units.
• The price of $362.50 was used in determining the number of units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally a good sign, indicating confidence in the company's future. The terms of the RSU grant are standard.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting period encourages long-term commitment to the company's success.

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

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. Acquisition of shares by a director is generally viewed positively.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align their interests with shareholders, a common practice among publicly traded companies.
• The one-year vesting period is a standard vesting schedule for director equity grants.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment.

Key Dates