Form 4: Teradyne Director Boosts DSU Holdings via Dividend

Teradyne Director Ernest E. Maddock increased his beneficial ownership of deferred stock units by 2, bringing his total to 9,595, through a dividend reinvestment.

Summary

• Ernest E. Maddock, a Director at Teradyne, Inc. (TER), acquired 2 deferred stock units (DSUs) on December 17, 2025.
• The acquisition was made at a price of $0 per unit, as it represents DSUs issued in accordance with his election to receive dividends paid on DSUs in the form of additional DSUs in lieu of cash.
• Following this transaction, Mr. Maddock beneficially owns a total of 9,595 DSUs.
• The acquisition is exempt under Exchange Act Rule 16b-3(d).
• DSUs are settled one-for-one in Common Stock generally within ninety days of the date a non-employee director no longer serves in such capacity.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction where a director increased their beneficial ownership of deferred stock units through a dividend reinvestment plan. While not a direct cash purchase, it represents an increase in the director's stake, which is generally viewed as a minor positive for aligning interests with shareholders.

Positives

• The increase in deferred stock units by a director, even through dividend reinvestment, indicates continued alignment of management's interests with those of shareholders.

Negatives

• The acquisition was not an open-market purchase with cash, which would typically signal a stronger conviction in the company's immediate stock value.

Future Outlook

The filing indicates that Deferred Stock Units (DSUs) are settled one-for-one in Common Stock generally within ninety days of the date a non-employee director no longer serves in such capacity, providing a future conversion mechanism for these holdings.

Stakeholder Impact

• Shareholders: The increase in director ownership, even through a dividend reinvestment, can be seen as a positive signal of continued alignment between management and shareholder interests.

Next Steps

• Deferred Stock Units (DSUs) will be settled one-for-one in Common Stock generally within ninety days of the date the reporting person no longer serves as a non-employee director.

Key Dates

Keywords

Teradyne, TER, Insider Transaction, Form 4, Deferred Stock Units, DSU, Director Ownership, Beneficial Ownership