Form 4: Teradyne CFO Sanjay Mehta Sells 614 Shares Under 10b5-1 Plan
SEC Form 4
Teradyne's CFO, Sanjay Mehta, executed a sale of 614 common stock shares at $102 per share on January 30, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On January 30, 2025, Sanjay Mehta, the VP and Chief Financial Officer of Teradyne, Inc., sold 614 shares of common stock.
- The sale was executed at a price of $102 per share.
- The transaction was conducted under a pre-existing sales plan adopted on May 20, 2024, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
- Following the transaction, Mehta directly owns 30,446.2277 shares of Teradyne common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction under a pre-arranged trading 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 a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 20, 2024 | Date the reporting person adopted the sales plan. |
| 01/30/2025 | Date of the transaction (stock sale). |
| 01/31/2025 | Date of the signature on the Form 4 filing. |
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