Form 4: Teradyne CFO Sanjay Mehta Reports Stock Transactions
SEC Form 4 Filing
Sanjay Mehta, CFO of Teradyne, reports the disposition and acquisition of company stock, including shares withheld for tax obligations and sales under a pre-arranged trading plan.
Summary
- On January 27, 2025, Teradyne withheld 821 shares from Sanjay Mehta to cover tax obligations related to vesting restricted stock units at a price of $120.27.
- On January 28, 2025, Mehta sold 1,789 shares of Teradyne stock at a price of $120.51.
- Following these transactions, Mehta directly owns 33,308.2277 shares of Teradyne.
- The sale on January 28, 2025, was executed under a pre-arranged sales plan adopted on May 20, 2024, designed to comply with Rule 10b5-1.
- The report also reflects an adjustment to previously reported shares acquired on June 28, 2024, under the Employee Stock Purchase Plan, and includes 84.5909 shares acquired on December 31, 2024, also under the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock transactions by an executive. There is no indication of positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider trading activities, which are common among corporate executives. The transactions are subject to regulatory scrutiny to prevent illegal insider trading.
Key Dates
| Date | Description |
|---|---|
| May 20, 2024 | Date the Reporting Person adopted a sales plan intended to comply with Rule 10b5-1. |
| June 28, 2024 | Date of previously reported shares acquired under the Issuer's Employee Stock Purchase Plan. |
| December 31, 2024 | Date of acquisition of 84.5909 shares under the Issuer's Employee Stock Purchase Plan. |
| January 27, 2025 | Date of shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations. |
| January 28, 2025 | Date of shares sold pursuant to a sales plan. |
| January 29, 2025 | Date of signature for the Form 4 filing. |
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