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

Director Peter Herweck acquired 241 shares of Teradyne, Inc. through deferral of quarterly cash compensation into Deferred Stock Units (DSUs).

Summary

• On March 28, 2024, Peter Herweck, a director of Teradyne, Inc., acquired 241 shares of common stock.
• The acquisition was a result of deferring his quarterly cash compensation into Deferred Stock Units (DSUs).
• These DSUs will be settled one-for-one in Common Stock, typically within 90 days after he no longer serves as a non-employee director.
• Following the transaction, Herweck directly owns 8,875 shares of Teradyne common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's decision to take compensation in stock suggests confidence in the company's prospects.

Positives

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

Future Outlook

The 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 options or restricted stock as part of their compensation packages. Deferring cash compensation into stock units aligns the director's interests with those of the shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates