Form 4: Teradyne Director Mercedes Johnson Reports Stock Grant

Director Mercedes Johnson reports receiving 2,971 restricted stock units from Teradyne, Inc.

Summary

• Mercedes Johnson, a director at Teradyne, Inc., filed a Form 4 to report a transaction.
• On May 9, 2025, Johnson acquired 2,971 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 common stock.
• The RSUs will vest in full on the earlier of May 9, 2026, or the date of the Issuer's 2026 Annual Meeting of Shareholders.
• Following the transaction, Johnson beneficially owns 15,739 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard equity grant, which is generally viewed positively as it aligns management and shareholder interests. There are no indications of negative performance or concerns.

Positives

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

Future Outlook

The vesting of the RSUs is contingent upon continued service until May 9, 2026, or the date of the 2026 Annual Meeting of Shareholders.

Industry Context

Equity compensation is a common practice in the technology industry to attract and retain talent and align management's interests with shareholders.

Comparison to Industry Standards

• Many technology companies, such as Texas Instruments and Analog Devices, use restricted stock units as part of their compensation packages for directors and executives.
• The vesting schedules for these RSUs typically range from one to four years, aligning with industry norms.

Stakeholder Impact

• Shareholders may view the equity grant positively as it aligns the director's interests with the company's long-term performance.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Key Dates

Keywords

Form 4, Teradyne, Director, Mercedes Johnson, Restricted Stock Units, RSUs, Beneficial Ownership, Equity Compensation, Vesting