Form 4: Teradyne Director Ernest E. Maddock Reports Acquisition of Restricted Stock Units

Director Ernest E. Maddock reports acquisition of 1,876 restricted stock units (RSUs) of Teradyne, Inc. on May 9, 2024.

Summary

• On May 9, 2024, Ernest E. Maddock, a director of Teradyne, Inc., acquired 1,876 restricted stock units (RSUs).
• These RSUs were granted under the company's 2006 Equity and Cash Compensation Incentive Plan.
• Each RSU represents the right to receive one share of Teradyne's common stock.
• The RSUs will vest in full on the earlier of May 9, 2025, or the date of the Issuer's 2025 Annual Meeting of Shareholders.
• Following the transaction, Maddock directly owns 6,604 shares of Teradyne common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transaction itself is neither particularly positive nor negative. It's a routine part of executive compensation.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company's success.

Future Outlook

The document does not contain specific forward-looking statements beyond the RSU vesting date.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency regarding the compensation and ownership stakes of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term performance.

Key Dates