Form 4: Teradyne Director Ernest E. Maddock Reports Stock Grant and Disposal

Director Ernest E. Maddock reports the acquisition of restricted stock units and disposal of common stock.

Summary

• On May 9, 2025, Ernest E. Maddock, a director of Teradyne, Inc., reported transactions involving the company's stock.
• Maddock acquired 2,971 restricted stock units (RSUs) under the company's 2006 Equity and Cash Compensation Incentive Plan.
• Each RSU represents the right to receive one share of Teradyne common stock.
• These RSUs are time-based and will vest fully on the earlier of May 9, 2026, or the date of Teradyne's 2026 Annual Meeting of Shareholders.
• Maddock also disposed of 9,584 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The RSU grant is generally positive, but the stock disposal introduces a slightly negative element.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Negatives

• The disposal of 9,584 shares could be interpreted negatively, although the reason for the disposal is not specified.

Risks

• The vesting of the RSUs is contingent upon continued service or the occurrence of the 2026 Annual Meeting, introducing a time-based risk.

Future Outlook

The director's future holdings will be influenced by the vesting of the RSUs and any further transactions.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The RSU grant aligns the director's interests with shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates

Keywords

Teradyne, Director, Maddock, RSU, Restricted Stock Units, Stock Disposal, Beneficial Ownership, Form 4