Form 4: Teledyne Technologies Vice Chairman Jason VanWees Acquires Restricted Stock Units
SEC Form 4 Filing
Teledyne Technologies' Vice Chairman, Jason VanWees, was granted 1,237 restricted stock units under the company's 2025-2027 Performance-Based Restricted Stock Unit Award Program.
Summary
- Jason VanWees, Vice Chairman of Teledyne Technologies, acquired 1,237 restricted stock units on January 21, 2025.
- 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 Mr. VanWees 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 event, which is generally positive for aligning management with shareholder interests. There are no negative implications.
Positives
- The grant of restricted stock units aligns the Vice Chairman's interests with the long-term performance of the company.
- The vesting period of two years suggests a focus on sustained performance.
Future Outlook
The restricted stock units will vest on January 21, 2027, contingent on the terms of the award program.
Industry Context
The granting of restricted stock units is a common practice in executive compensation, aligning management's interests with shareholder value.
Comparison to Industry Standards
- Restricted stock unit grants are a standard form of compensation for executives in publicly traded companies, similar to practices at companies like Lockheed Martin, Raytheon, and General Dynamics.
- The vesting period of two years is also typical, aligning with long-term performance goals.
Stakeholder Impact
- The grant of restricted stock units may positively impact shareholder confidence by aligning management's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of the restricted stock unit grant. |
| 01/21/2027 | Vesting date of the restricted stock units. |
| 01/22/2025 | Date of the filing of the SEC Form 4. |
Keywords
Restricted Stock Units, Stock Award, Executive Compensation, Teledyne Technologies, Jason VanWees, Performance-Based Award
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