Form 4: Teradyne CEO Gregory Smith Sells Shares Under 10b5-1 Plan

Teradyne's CEO, Gregory Stephen Smith, sold 3,080 shares of common stock at $130 per share on September 11, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• Gregory Stephen Smith, the President and CEO of Teradyne, Inc., sold 3,080 shares of common stock on September 11, 2024.
• The sale was executed at a price of $130 per share.
• The transaction was conducted under a pre-arranged sales plan adopted on June 7, 2024, designed to comply with Rule 10b5-1.
• Following the transaction, Smith directly owns 83,815.6368 shares of Teradyne common stock, which includes 84.2919 shares acquired through the Employee Stock Purchase Plan on June 28, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing for an insider stock sale, which is neither inherently positive nor negative. The sale was pre-planned under a 10b5-1 plan, reducing the likelihood of it being driven by immediate concerns about the company's prospects.

Industry Context

Executive stock sales are a common occurrence, often planned in advance to avoid insider trading concerns. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates