Form 4: Teledyne Technologies Director Michelle Kumbier Reports Acquisition of Restricted Stock Units

Director Michelle Kumbier reports acquisition of 468 restricted stock units in Teledyne Technologies, increasing her direct holdings to 2,101 shares.

Summary

• On April 24, 2024, Michelle Kumbier, 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.
• The price used in determining the number of units was $362.50.
• Following the transaction, Kumbier directly holds 2,101 shares, including 1,713 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock units acquisition by a director, which is neither particularly positive nor negative.

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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates