Form 4: Teledyne Technologies Vice President Acquires Restricted Stock Units
SEC Form 4 Filing
Cynthia Y. Belak, Vice President and Controller at Teledyne Technologies, was granted 574 restricted stock units under the company's 2025-2027 Performance-Based Restricted Stock Unit Award Program.
Summary
- Cynthia Y. Belak, a Vice President and Controller at Teledyne Technologies, received 574 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. Belak 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 interests with shareholders. There are no negative implications.
Positives
- The grant of restricted stock units aligns Ms. Belak's interests with the long-term performance of Teledyne Technologies.
- The 2025-2027 Performance-Based Restricted Stock Unit Award Program suggests a focus on performance-based compensation.
Industry Context
This type of equity grant is a common practice in publicly traded companies to incentivize and retain key executives.
Comparison to Industry Standards
- Restricted stock unit grants are a standard form of executive compensation across various industries, including technology and manufacturing, similar to companies like Lockheed Martin, Raytheon, and General Dynamics.
- The vesting period of two years is also typical for such grants, aligning with industry norms for long-term incentive plans.
Stakeholder Impact
- The grant of restricted stock units aligns the executive's interests with those of shareholders, potentially leading to better long-term performance.
- The vesting period encourages the executive's continued service with the company.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of the transaction where the restricted stock units were granted. |
| 01/21/2027 | Vesting date for the restricted stock units. |
| 01/22/2025 | Date of the signature on the form. |
Keywords
Restricted Stock Units, Stock Award, Executive Compensation, Teledyne Technologies, TDY, Performance-Based, Equity
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