Form 4: Teledyne Technologies Executive Chairman Robert Mehrabian Donates Shares to University of California, Santa Barbara

Robert Mehrabian, Executive Chairman of Teledyne Technologies, gifted 24,000 shares of common stock to the University of California, Santa Barbara endowment on July 29, 2024.

Summary

• On July 29, 2024, Robert Mehrabian, the Executive Chairman of Teledyne Technologies, donated 24,000 shares of Teledyne Technologies common stock to the University of California, Santa Barbara endowment.
• The transaction was a gift, and the price per share was $0.
• Following the transaction, Mehrabian directly and indirectly owns 171,802 shares.
• This includes 15,489 shares held directly and 156,313 shares held indirectly through The Mehrabian Living Trust.

Sentiment

Score: 7

Explanation: The document reflects a philanthropic action by an executive, which is generally viewed positively. The transaction itself is not expected to have a material impact on the company's financials or stock price.

Positives

• The donation to the University of California, Santa Barbara endowment is a philanthropic gesture.

Industry Context

Executive stock gifts are not uncommon and can be motivated by personal philanthropy or tax planning strategies. The impact on the company is generally neutral unless the donation is substantial enough to signal a change in executive confidence.

Stakeholder Impact

• The donation benefits the University of California, Santa Barbara endowment.
• The impact on Teledyne Technologies shareholders is likely neutral.

Key Dates