Form 4: Teradyne Director Peter Herweck Acquires Additional Deferred Stock Units

Director Peter Herweck acquired 11 deferred stock units (DSUs) of Teradyne, Inc. due to dividend payments.

Summary

• On March 14, 2025, Peter Herweck, a director of Teradyne, Inc., acquired 11 deferred stock units (DSUs) as a result of dividend payments.
• These DSUs are settled one-for-one in common stock, typically within 90 days after the director ceases to serve in that capacity.
• Following the transaction, Herweck directly owns 11,391 shares of common stock.

Sentiment

Score: 7

Explanation: The document indicates a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment due to continued investment by a board member.

Positives

• The acquisition of DSUs reflects continued investment and confidence in Teradyne by a member of the board of directors.

Future Outlook

The DSUs will be 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.

Industry Context

Directors receiving stock-based compensation and reinvesting dividends into additional shares is a common practice in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Stock ownership by directors is a common practice across the semiconductor and technology industries, with companies like Texas Instruments, Intel, and Qualcomm also utilizing stock-based compensation for their board members.
• The amount of stock held by directors varies widely depending on the size and maturity of the company, as well as the individual's tenure and compensation structure.
• Director stock ownership is generally viewed positively by investors as it aligns management's interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects continued investment by a director.

Key Dates