Form 4: Teradyne Director Peter Herweck Acquires Shares Through Deferred Compensation

Director Peter Herweck increased his holdings in Teradyne through the deferral of quarterly cash compensation into Deferred Stock Units (DSUs).

Summary

• On June 27, 2024, Peter Herweck, a director at Teradyne, Inc., acquired 186 shares of common stock.
• The acquisition was a result of deferring his quarterly cash compensation into Deferred Stock Units (DSUs).
• The price per share was $0.
• Following the transaction, Herweck directly owns 10,943 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: 7

Explanation: The sentiment is neutral to slightly positive. The director's decision to take compensation in stock suggests confidence, but the transaction itself is routine.

Positives

• Director's decision to defer compensation into company stock signals confidence in Teradyne's future performance.

Future Outlook

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.

Industry Context

Directors often receive stock or stock options as part of their compensation packages, aligning their interests with those of shareholders. Deferring cash compensation into stock can be seen as a positive signal.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment due to the director's increased investment in the company.

Key Dates