Form 4: Teledyne Technologies Director Jane Sherburne Reports Acquisition of Restricted Stock Units

Director Jane Sherburne reports acquisition of 468 restricted stock units in Teledyne Technologies.

Summary

• On April 24, 2024, Jane Cecile Sherburne, a director of Teledyne Technologies Inc., reported the acquisition of 468 shares of Common Stock.
• These shares were acquired in the form of Restricted Stock Units (RSUs) under the company's 2014 Incentive Award Plan.
• Each RSU represents a contingent right to receive one share of Teledyne Common Stock, and they vest one year from the date of grant.
• The reporting person holds 1,551 shares directly and 4,418 shares held indirectly by the Jane Sherburne Revocable Trust dated November 30, 2017.
• The price used in determining the number of units was $362.50.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of stock units to a director. It doesn't indicate any significant positive or negative implications for the company.

Positives

• The acquisition of restricted stock units 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

This filing is a routine disclosure of stock-based compensation to a company director, which is a common practice in publicly traded companies to align the interests of management and shareholders.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment by demonstrating the director's commitment to the company's long-term success.

Key Dates