Form 4: Teledyne Technologies Inc. Senior VP and CFO Stephen Blackwood Acquires Restricted Stock Units
SEC Form 4 Filing
Stephen Finis Blackwood, Senior VP and CFO of Teledyne Technologies Inc., acquired 895 Restricted Stock Units on January 21, 2025, under the company's 2025-2027 Performance-Based Restricted Stock Unit Award Program.
Summary
- On January 21, 2025, Stephen Finis Blackwood, the Senior VP and CFO of Teledyne Technologies Inc., acquired 895 Restricted Stock Units.
- These units were issued under the 2025-2027 Performance-Based Restricted Stock Unit Award Program.
- The vesting date for these shares is January 21, 2027, and vested shares will be delivered to Blackwood following this date.
- The price used to calculate the number of Restricted Stock Units awarded was $465.00.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a standard executive compensation practice that aligns management with shareholder interests. The grant of restricted stock units is generally viewed as a positive incentive.
Positives
- The grant of Restricted Stock Units aligns the executive's interests with the long-term performance of the company.
Industry Context
The granting of restricted stock units is a common practice in executive compensation packages to incentivize performance and align management's interests with those of shareholders.
Stakeholder Impact
- The grant of Restricted Stock Units aligns the executive's interests with the long-term performance of the company, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of transaction: Stephen Blackwood acquired 895 Restricted Stock Units. |
| 01/21/2027 | Vesting date for the Restricted Stock Units. |
| 01/27/2027 | Expiration date for the Restricted Stock Units. |
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