Form 4: Teradyne Director Boosts Stake with DSU Dividend

Teradyne Director Ernest E. Maddock acquired 9,593 deferred stock units through dividend reinvestment, increasing his beneficial ownership.

Summary

• Ernest E. Maddock, a Director at Teradyne, Inc. (TER), acquired 9,593 Deferred Stock Units (DSUs).
• The acquisition occurred on September 29, 2025, and was made pursuant to a Rule 10b5-1 plan.
• These DSUs were issued to Mr. Maddock in accordance with his election to receive dividends paid on existing DSUs in the form of additional DSUs, rather than cash.
• The acquisition price for these DSUs was $0, as they represent a dividend reinvestment.
• Following this transaction, Mr. Maddock beneficially owns 9,593 DSUs directly.
• 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: 7

Explanation: The sentiment is positive as a director is increasing their stake in the company through dividend reinvestment, indicating confidence in the company's future performance and a long-term commitment.

Positives

• Director Ernest E. Maddock increased his beneficial ownership in Teradyne, Inc. by acquiring 9,593 Deferred Stock Units, signaling continued confidence in the company.
• The acquisition was part of a dividend reinvestment plan, indicating a long-term investment strategy by the director.

Future Outlook

Deferred Stock Units are generally settled one-for-one in Common Stock within ninety days of the date a non-employee director no longer serves in their capacity.

Industry Context

This filing represents a routine insider transaction, specifically a director's acquisition of equity through a dividend reinvestment plan. It does not provide broader insights into industry trends or competitive landscape but reflects an individual director's ongoing equity participation.

Stakeholder Impact

• Shareholders: The increase in director ownership through dividend reinvestment can be viewed positively, signaling management's alignment with shareholder interests and confidence in the company's long-term prospects.

Next Steps

• The Deferred Stock Units will be settled one-for-one in Common Stock generally within ninety days of Ernest E. Maddock ceasing to serve as a non-employee director.

Key Dates

Keywords

Teradyne, TER, Insider Transaction, Form 4, Deferred Stock Units, DSU, Director Ownership, Dividend Reinvestment, Equity Compensation