Form 4: Teledyne Technologies Executive Chairman Sells Shares to Cover Tax Obligations

Robert Mehrabian, Executive Chairman of Teledyne Technologies, sold shares of common stock on January 31, 2025, to cover withholding taxes related to restricted stock vesting.

Summary

• On January 31, 2025, Robert Mehrabian, the Executive Chairman of Teledyne Technologies, sold 2,502 shares of common stock at a weighted average price of $517.6843.
• He also sold 3,266 shares of common stock at a weighted average price of $518.6294.
• These sales were executed in multiple trades at varying prices.
• The purpose of the sale was to cover withholding taxes on restricted stock that vested on January 25, 2025.
• Following these transactions, Mehrabian directly owns 4,355 shares (including 4,355 restricted shares) and indirectly owns 140,198 shares through The Mehrabian Living Trust.
• He also holds 4,883 restricted stock units.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

This is a routine transaction for executives who receive stock as part of their compensation. Selling shares to cover tax obligations is a common practice.

Stakeholder Impact

• The stock sale could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
• The sale does not directly impact employees, customers, suppliers, or creditors.

Key Dates