Form 4: Teledyne Technologies Executive Chairman Sells Shares After Exercising Options
SEC Form 4 Filing
Robert Mehrabian, Executive Chairman of Teledyne Technologies, executed multiple transactions involving the sale of common stock after exercising stock options.
Summary
- Robert Mehrabian, the Executive Chairman of Teledyne Technologies, engaged in a series of transactions involving the company's common stock.
- On November 8, 2024, Mr. Mehrabian exercised options to acquire 3,925 shares at $123.38 per share and then sold the same amount of shares at a weighted average price of $490.5006.
- On November 11, 2024, he exercised options to acquire 46,075 shares at $123.38 per share.
- Following this, he sold a total of 34,971 shares in multiple transactions at weighted average prices ranging from $481.0479 to $490.8623.
- After these transactions, Mr. Mehrabian directly owns 15,489 shares and indirectly owns 156,313 shares through The Mehrabian Living Trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a standard SEC Form 4 filing, which is required when company insiders trade their company's stock. These filings are common and provide transparency into insider transactions.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
- The transactions are typical for executives who receive stock options as part of their compensation packages.
- The weighted average sale prices are within the typical range for market transactions of this type.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the volume of shares sold.
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/24/2018 | Date the stock options were granted. |
| 11/08/2024 | Date of the first set of option exercises and share sales. |
| 11/11/2024 | Date of the second set of option exercises and share sales. |
| 11/12/2024 | Date the Form 4 was signed. |
| 01/24/2027 | Expiration date of the stock options. |
Keywords
Teledyne Technologies, Robert Mehrabian, stock options, insider trading, share sales, executive chairman, common stock, Form 4
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