Form 4: Teradyne Director Ford Tamer Reports Acquisition of Restricted Stock Units

Director Ford Tamer reported the acquisition of 1,876 restricted stock units (RSUs) of Teradyne, Inc. on May 9, 2024.

Summary

• On May 9, 2024, Ford Tamer, a director of Teradyne, Inc., acquired 1,876 restricted stock units (RSUs) at a price of $0.
• 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, Tamer directly owns 7,235 shares of common stock.
• Tamer also indirectly owns 8,912 shares through a revocable trust with his spouse and 974 shares in trusts for his children, but disclaims beneficial ownership of the children's shares.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey strong positive or negative sentiment, but the granting of RSUs can be seen as a positive sign of aligning director interests with shareholders.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain any specific forward-looking statements regarding Teradyne's future performance.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of Teradyne's directors. It's common for directors to receive equity compensation as part of their overall remuneration.

Comparison to Industry Standards

• Equity compensation, such as RSUs, is a standard practice among publicly traded companies like Teradyne to incentivize and retain key personnel.
• Companies such as Applied Materials, Lam Research, and ASML also utilize similar equity compensation plans for their directors and executives.
• The vesting schedules and terms of these grants are generally aligned with industry norms to promote long-term value creation.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's holdings.
• The equity compensation structure aligns the director's interests with those of the shareholders.

Key Dates