Form 4: Teradyne Director Peter Herweck Acquires Restricted Stock Units

Director Peter Herweck acquired 1,876 restricted stock units in Teradyne, Inc. on May 9, 2024.

Summary

• On May 9, 2024, Peter Herweck, a director of Teradyne, Inc., acquired 1,876 restricted stock units (RSUs).
• 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 are time-based and 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, Herweck beneficially owns 10,751 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard equity compensation practices. The director's increased stake aligns interests with shareholders.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

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, indicating a future equity stake for the director.

Industry Context

This Form 4 filing is a routine disclosure related to equity compensation for a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The granting of RSUs to a director aligns their interests with those of shareholders, potentially driving long-term value creation.

Key Dates