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

Teradyne's President and CEO, Gregory Stephen Smith, sold 1,108 shares of common stock for $201.31 per share as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Gregory Stephen Smith, President and CEO, and a Director of Teradyne, Inc. (TER), sold 1,108 shares of common stock.
• The transaction occurred on December 12, 2025, at a price of $201.31 per share.
• The sale was executed pursuant to a Rule 10b5-1 sales plan adopted by Mr. Smith on February 4, 2025.
• Following this transaction, Mr. Smith directly beneficially owns 93,408.995 shares of Teradyne common stock.

Sentiment

Score: 5

Explanation: Neutral. The sale is a routine insider transaction under a pre-arranged 10b5-1 plan, which mitigates any negative sentiment typically associated with insider selling. It does not provide new positive or negative operational information.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 plan, indicating a planned transaction rather than an immediate reaction to new information.

Negatives

• An insider sale, even under a 10b5-1 plan, can sometimes be perceived as a slight negative signal regarding management's outlook on the stock's short-term appreciation potential.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This filing is a routine insider transaction and does not provide specific industry context. Teradyne operates in the semiconductor test equipment and industrial automation markets. Insider sales, especially under 10b5-1 plans, are common across all industries for personal financial planning.

Comparison to Industry Standards

• This is a standard insider transaction disclosure. There are no specific results to compare to global benchmarks or comparable companies/projects. The execution of a 10b5-1 plan is a common practice for executives to manage their equity holdings in a compliant manner.

Related Party Transactions

• The transaction involves an insider (CEO) selling company stock, which is a standard disclosure for beneficial ownership changes. No other related party dealings are detailed.

Stakeholder Impact

• Shareholders: May interpret the sale as a minor negative signal, though the 10b5-1 plan mitigates this. The impact on the overall share price from this specific transaction is likely minimal given the small number of shares relative to total outstanding shares.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific insider transaction.

Key Dates

Recommendation

This Form 4 filing reports a routine insider sale under a pre-arranged 10b5-1 plan. Such transactions are typically for personal financial planning and do not usually signal a change in the company's fundamental outlook or warrant a change in investment recommendation based solely on this information. Investors should continue to evaluate Teradyne based on its operational performance, financial results, and market position.

Keywords

Teradyne, TER, Form 4, Insider Trading, Stock Sale, Gregory Stephen Smith, CEO, 10b5-1 Plan, Beneficial Ownership, Semiconductor Equipment