Form 4: Teradyne Director Acquires Deferred Stock Units Through Dividend Reinvestment
SEC Form 4
Teradyne director Ernest E. Maddock acquired 2 deferred stock units (DSUs) through a dividend reinvestment program.
Summary
- Director Ernest E. Maddock acquired 2 deferred stock units (DSUs) of Teradyne, Inc. on December 18, 2024.
- The DSUs were acquired through a dividend reinvestment program, where dividends paid on existing DSUs are reinvested into additional DSUs.
- The acquisition is exempt under Exchange Act Rule 16b-3(d).
- The DSUs will be settled one-for-one in common stock generally within ninety days of the date the director no longer serves in such capacity.
- Following the transaction, Mr. Maddock beneficially owns 6,610 common stock units.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment due to the director's continued investment in the company.
Positives
- The acquisition of DSUs through dividend reinvestment demonstrates the director's continued investment in the company.
- The dividend reinvestment program allows for the compounding of returns for the director.
Future Outlook
The deferred stock units will be settled one-for-one in common stock generally within ninety days of the date the director no longer serves in such capacity.
Industry Context
This is a routine transaction for a director of a public company, reflecting standard compensation and investment practices.
Comparison to Industry Standards
- Many public companies use deferred stock units as part of their compensation packages for directors.
- Dividend reinvestment programs are a common way for directors to increase their stake in the company.
- The reporting of these transactions via Form 4 is a standard regulatory requirement.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it demonstrates the director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of the transaction where the director acquired deferred stock units. |
| 12/20/2024 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
Teradyne, Director, Deferred Stock Units, DSU, Dividend Reinvestment, Insider Trading, Form 4, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.