Form 4: Teledyne Technologies Executive Forfeits Shares Upon Vesting of Restricted Stock Award

George C. Bobb III, President and COO of Teledyne Technologies, forfeited 91 shares of common stock upon the vesting of a restricted stock award.

Summary

• George C. Bobb III, President and COO of Teledyne Technologies, filed a Form 4 indicating a change in beneficial ownership.
• The transaction involved the forfeiture of 91 shares of common stock on January 25, 2025, due to the vesting of a restricted stock award granted on January 25, 2022.
• The reporting person directly holds 10,391.44 shares, which includes shares purchased under the Employee Stock Purchase Plan and 772 restricted shares.
• The direct holdings do not include 2,841 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine filing related to executive stock transactions and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and stock ownership, which is common in publicly traded companies. It reflects the standard practice of granting and vesting restricted stock to executives.

Comparison to Industry Standards

• The forfeiture of shares upon vesting of restricted stock awards is a common practice in executive compensation across various industries.
• Many companies use restricted stock units and awards as part of their compensation packages to align executive interests with shareholder value.
• The specific number of shares forfeited and the vesting schedule are specific to Teledyne Technologies' compensation policies and are not directly comparable to other companies without detailed knowledge of their compensation plans.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock, Stock Forfeiture, Executive Compensation, Teledyne Technologies, TDY, George C. Bobb III