Form 4: Teledyne Technologies Director Wesley W. von Schack Reports Acquisition of Restricted Stock Units

Director Wesley W. von Schack reports acquisition of 468 restricted stock units of Teledyne Technologies on April 24, 2024.

Summary

• On April 24, 2024, Wesley W. von Schack, a director of Teledyne Technologies Inc., acquired 468 shares of common stock in the form of Restricted Stock Units (RSUs).
• These RSUs were granted under the Amended and Restated Teledyne Technologies Incorporated 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 and vests one year from the date of grant.
• The price used in determining the number of units was $362.50.
• Following the transaction, von Schack beneficially owns a total of 11,290 shares, including 3,067 shares held directly, 7,523 shares in The von Schack Revocable Trust, and 700 shares in the Wesley von Schack Revocable Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of stock units to a director. It doesn't inherently indicate positive or negative sentiment about the company's performance.

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 long-term success of Teledyne Technologies.

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 insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates