Form 4: Teradyne CEO Gregory Stephen Smith Sells 3,080 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Teradyne's CEO, Gregory Stephen Smith, executed a sale of 3,080 shares of common stock at $132.8 per share on October 1, 2024, according to a pre-arranged 10b5-1 trading plan.
Summary
- On October 1, 2024, Gregory Stephen Smith, the President and CEO of Teradyne, Inc., sold 3,080 shares of the company's common stock.
- The sale was executed at a price of $132.8 per share.
- The transaction was conducted under a pre-arranged sales plan adopted on June 7, 2024, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
- Following the transaction, Smith directly owns 80,735.6368 shares of Teradyne common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived neutrally or slightly negatively by shareholders, depending on their individual investment strategies and interpretations of insider transactions.
Key Dates
| Date | Description |
|---|---|
| June 7, 2024 | Date the reporting person adopted the sales plan. |
| October 1, 2024 | Date of the transaction (stock sale). |
| October 3, 2024 | Date of the Form 4 filing. |
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