Form 4: Teledyne Technologies Executive Chairman Robert Mehrabian Donates Shares to University Endowment

Robert Mehrabian, Executive Chairman of Teledyne Technologies, reports a donation of 19,500 common stock shares to the College of Engineering Endowment at the University of California Santa Barbara.

Summary

• Robert Mehrabian, the Executive Chairman of Teledyne Technologies, filed a Form 4 with the SEC.
• The filing reports a donation of 19,500 shares of Teledyne Technologies common stock.
• The shares were donated to the College of Engineering Endowment at the University of California Santa Barbara on January 27, 2025.
• Following the transaction, Mehrabian beneficially owns 150,321 shares, including shares held directly and indirectly through a trust.
• The filing also notes that Mehrabian holds 4,355 restricted shares directly and 145,966 shares indirectly through The Mehrabian Living Trust.
• The report does not include 4,883 restricted stock units.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting a transaction. The donation could be seen as slightly positive from a corporate social responsibility perspective, but it's not a major event.

Positives

• The donation to the University of California Santa Barbara could be viewed positively from a corporate social responsibility perspective.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Donations of shares are not uncommon and can be part of an executive's philanthropic activities.

Stakeholder Impact

• The donation may have a minor positive impact on the University of California Santa Barbara's College of Engineering Endowment.
• The impact on Teledyne Technologies shareholders is likely negligible.

Key Dates