TER.NASDAQTeradyne, INC

Form 4: Teradyne CFO Sanjay Mehta Sells Shares Under 10b5-1 Plan

Sentiment:

SEC Form 4

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Sanjay Mehta, CFO of Teradyne, Inc., sold 6,153 shares of common stock at a price of $133.06 per share on August 20, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

  • On August 20, 2024, Sanjay Mehta, the VP and Chief Financial Officer of Teradyne, Inc., sold 6,153 shares of the company's common stock.
  • The sale was executed at a price of $133.06 per share.
  • This transaction was conducted under a pre-arranged 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 35,833.6369 shares of Teradyne common stock, which includes 84.292 shares acquired under the Issuer's Employee Stock Purchase Plan on June 28, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to utilize 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

  • The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

DateDescription
May 20, 2024Date the Reporting Person adopted a sales plan intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934.
June 28, 2024Date of acquisition of 84.292 shares under the Issuer's Employee Stock Purchase Plan.
August 20, 2024Date of the stock sale transaction.
August 22, 2024Date of signature of the Form 4 filing.

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