Form 4: Teradyne CEO Gregory Stephen Smith Sells Shares Under 10b5-1 Plan
SEC Form 4
Teradyne's President and CEO, Gregory Stephen Smith, sold 3,080 shares of common stock at $130 per share on January 3, 2025, under a pre-arranged sales plan.
Summary
- Gregory Stephen Smith, President and CEO of Teradyne, Inc., sold 3,080 shares of common stock on January 3, 2025.
- The sale was executed at a price of $130 per share.
- The transaction was conducted under a sales plan adopted on June 7, 2024, designed to comply with Rule 10b5-1.
- Following the transaction, Smith directly owns 74,660.2277 shares of Teradyne common stock, which includes 84.5909 shares acquired through the Employee Stock Purchase Plan on December 31, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged. Investors often monitor these transactions for 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 due to the increased supply of shares, but the effect is likely minimal given the relatively small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 2024-06-07 | Date the Reporting Person adopted the sales plan. |
| 2024-12-31 | Date of acquisition of 84.5909 shares under the Issuer's Employee Stock Purchase Plan. |
| 2025-01-03 | Date of the stock sale transaction. |
| 2025-01-07 | Date of the signature of the Attorney-in-Fact. |
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