Form 4: Teledyne Technologies Director Michael T. Smith Reports Acquisition of Restricted Stock Units

Director Michael T. Smith 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

• Michael T. Smith, a director of Teledyne Technologies Inc., filed a Form 4 disclosing a transaction on April 23, 2025.
• Smith acquired 468 shares of common stock in the form of Restricted Stock Units (RSUs) at a price of $0.
• These RSUs vest one year from the date of grant.
• Smith directly holds 53,303 shares and disclaims beneficial ownership of 200 shares owned by his wife.
• The total direct holdings include 936 Restricted Stock Units.
• The price of $448.52 was used in determining the number of units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock units acquisition, indicating alignment of interests but not necessarily a strong positive or negative signal.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The vesting period of one year aligns the director's interests with the company's short-term goals.

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 into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment by demonstrating confidence in the company's future.

Next Steps

• The RSUs will vest one year from the grant date.
• 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.

Key Dates

Keywords

Teledyne Technologies, Director, Form 4, Restricted Stock Units, TDY, Beneficial Ownership, Incentive Award Plan