Form 4: Teradyne Director Paul J. Tufano Acquires Shares Through Deferred Compensation

Director Paul J. Tufano acquired 420 shares of Teradyne, Inc. through a deferral of quarterly cash compensation into Deferred Stock Units (DSUs).

Summary

• On March 28, 2024, Paul J. Tufano, a director of Teradyne, Inc., acquired 420 shares of common stock.
• The acquisition was a result of deferring quarterly cash compensation into Deferred Stock Units (DSUs).
• The price per share was $0.
• Following the transaction, Tufano directly owns 56,902 shares of Teradyne common stock.
• DSUs are settled one-for-one in Common Stock generally within ninety days of the date as of which a non-employee director no longer serves in such capacity.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation, which is neither overwhelmingly positive nor negative.

Positives

• The director's acquisition of shares could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This type of transaction is common for directors who choose to defer compensation into company stock, aligning their interests with shareholders.

Comparison to Industry Standards

• Director compensation in the form of stock or deferred stock units is a common practice among publicly traded companies, including Teradyne's competitors such as Advantest and National Instruments.
• The specific amount and terms of the deferral may vary based on company policy and individual agreements.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of director compensation.

Key Dates