Form 4: Teledyne Technologies Executive Awarded Restricted Stock Units

George C. Bobb III, President and COO of Teledyne Technologies, was granted 1,376 restricted stock units under the company's 2025-2027 performance-based program.

Summary

• George C. Bobb III, President and COO of Teledyne Technologies, received 1,376 restricted stock units.
• These units were granted under the 2025-2027 Performance-Based Restricted Stock Unit Award Program.
• The restricted stock units will vest and be delivered to Mr. Bobb following the vesting date.
• The price used to calculate the number of restricted stock units awarded was $465.00 per unit.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively for aligning management interests with shareholders.

Positives

• The grant of restricted stock units aligns executive compensation with company performance.
• The vesting period of the restricted stock units encourages long-term commitment from the executive.

Industry Context

The granting of restricted stock units is a common practice in publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Many companies in the technology and aerospace sectors use restricted stock units as part of their executive compensation packages.
• The vesting period of two years is fairly standard for these types of awards.
• The value of the award is dependent on the company's stock price at the time of vesting, which is a common practice.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning executive interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

Restricted Stock Units, Executive Compensation, Stock Award, Teledyne Technologies, Form 4, George C. Bobb III