Form 4: Teledyne Technologies Executive Chairman Awarded Restricted Stock Units
SEC Form 4 Filing
Robert Mehrabian, Executive Chairman of Teledyne Technologies, was granted 2,366 restricted stock units under the company's 2025-2027 performance-based program.
Summary
- Robert Mehrabian, the Executive Chairman of Teledyne Technologies, received 2,366 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. Mehrabian on January 21, 2027.
- 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 as it aligns management with shareholder interests. There are no negative implications.
Positives
- The award of restricted stock units aligns the Executive Chairman's interests with the long-term performance of the company.
- The vesting period of two years suggests a focus on sustained growth and value creation.
Future Outlook
The restricted stock units will vest on January 21, 2027, contingent on the terms of the 2025-2027 Performance-Based Restricted Stock Unit Award Program.
Industry Context
The granting of restricted stock units is a common practice in executive compensation, aligning management's interests with shareholder value and long-term company performance.
Comparison to Industry Standards
- Many technology and industrial companies use restricted stock units as part of their executive compensation packages.
- The vesting period of two years is fairly standard for such awards, encouraging long-term commitment from executives.
- Companies like Lockheed Martin, General Dynamics, and Raytheon also use similar equity-based compensation methods to incentivize their leadership.
Stakeholder Impact
- Shareholders may view this as a positive sign of management's commitment to the company's long-term success.
- Employees may see this as a sign of stability and confidence in the company's leadership.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of the restricted stock unit grant. |
| 01/21/2027 | Vesting date of the restricted stock units. |
| 01/22/2025 | Date of the filing of the Form 4. |
Keywords
Restricted Stock Units, Executive Compensation, Stock Award, Teledyne Technologies, Robert Mehrabian, Equity Incentive, Performance-Based Award
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