Form 4: Teradyne CEO Gregory Stephen Smith Sells 3,080 Shares Under 10b5-1 Plan
SEC Form 4
Teradyne's CEO, Gregory Stephen Smith, executed a sale of 3,080 shares of common stock at $130 per share on December 16, 2024, according to a pre-arranged 10b5-1 trading plan.
Summary
- Gregory Stephen Smith, the President and CEO of Teradyne, Inc., sold 3,080 shares of common stock on December 16, 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, to comply with Rule 10b5-1.
- Following the transaction, Smith directly owns 77,655.6368 shares of Teradyne common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date the Reporting Person adopted the sales plan |
| 12/16/2024 | Date of the transaction (stock sale) |
| 12/18/2024 | Date of signature for the Form 4 filing |
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