Form 4: Teledyne Technologies Executive Receives Restricted Stock Units
SEC Form 4 Filing
Melanie S. Cibik, EVP, GenCounsel, CCO & Sec. of Teledyne Technologies, was granted 955 restricted stock units under the company's 2025-2027 Performance-Based Restricted Stock Unit Award Program.
Summary
- Melanie S. Cibik, an executive at Teledyne Technologies, received 955 restricted stock units.
- These units were granted under the 2025-2027 Performance-Based Restricted Stock Unit Award Program.
- The restricted stock units will vest and be delivered to Ms. Cibik on January 21, 2027.
- The price used to calculate the number of restricted stock units awarded was $465.00 per unit.
Sentiment
Score: 7
Explanation: The document reflects a routine executive compensation practice, which is generally viewed positively as it aligns executive interests with company performance. There are no negative implications.
Positives
- The grant of restricted stock units aligns executive compensation with company performance and long-term value creation.
- The vesting period of two years encourages long-term commitment from the executive.
Industry Context
The granting of restricted stock units is a common practice in corporate compensation, particularly for executive roles, to align their interests with those of the shareholders and the long-term performance of the company.
Comparison to Industry Standards
- Many companies in the technology and aerospace sectors use restricted stock units as part of their executive compensation packages.
- The vesting period of two years is fairly standard for these types of awards, encouraging long-term commitment from the executive.
- Companies like Lockheed Martin, Northrop Grumman, and Raytheon also use similar equity-based compensation strategies.
Stakeholder Impact
- Shareholders may view this positively as it aligns executive interests with long-term company performance.
- Employees may see this as a standard practice for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of the transaction where the restricted stock units were granted. |
| 01/21/2027 | Vesting date of the restricted stock units. |
| 01/22/2025 | Date the form was signed. |
Keywords
Restricted Stock Units, Executive Compensation, Stock Award, Teledyne Technologies, TDY, Melanie S. Cibik
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