Form 4: Teledyne Technologies Executive Chairman Reports Share Forfeiture After Vesting

Robert Mehrabian, Executive Chairman of Teledyne Technologies, forfeited 1,981 shares of common stock following the vesting of restricted stock awards.

Summary

• Robert Mehrabian, the Executive Chairman of Teledyne Technologies, reported a transaction on January 25, 2025.
• The transaction involved the forfeiture of 732 shares of common stock due to the vesting of a 2022 Restricted Stock Award Agreement.
• Additionally, 1,249 shares were forfeited upon the vesting of a special 2022 Restricted Stock Award Agreement.
• The total number of shares forfeited was 1,981.
• Following these transactions, Mr. Mehrabian directly owns 4,355 restricted shares and indirectly owns 165,466 shares through The Mehrabian Living Trust.
• The report does not include 4,883 restricted stock units held by Mr. Mehrabian.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the vesting of previously granted stock awards.

Comparison to Industry Standards

• Share forfeitures upon vesting of restricted stock awards are a standard practice in executive compensation across various industries.
• Many companies, such as Lockheed Martin, Northrop Grumman, and Raytheon, use similar stock-based compensation plans for their executives.
• The specific number of shares forfeited is dependent on the terms of the individual award agreements and the company's performance.

Stakeholder Impact

• The share forfeiture has a minor impact on the total number of outstanding shares, but is not expected to significantly affect shareholders.

Key Dates

Keywords

Teledyne Technologies, Robert Mehrabian, share forfeiture, restricted stock, executive chairman, insider trading, vesting