Form 4: Teradyne Director Peter Herweck Defers Cash Compensation into Equity

Teradyne Director Peter Herweck has elected to defer his quarterly cash compensation into 302 deferred stock units, increasing his beneficial ownership to 14,999 units.

Summary

• Peter Herweck, a Director at Teradyne, Inc. (TER), acquired 302 deferred stock units (DSUs) on June 26, 2025.
• This acquisition represents the deferral of his quarterly cash compensation into equity.
• The DSUs were acquired at a price of $0, reflecting their nature as compensation deferral rather than a direct purchase.
• Following this transaction, Peter Herweck beneficially owns a total of 14,999 DSUs.
• DSUs are designed to be settled one-for-one in Common Stock, generally within ninety days of the date a non-employee director no longer serves in such capacity.

Sentiment

Score: 7

Explanation: The deferral of cash compensation into equity by a director is generally viewed positively as it aligns the director's interests with shareholders, indicating confidence in the company's long-term prospects.

Positives

• Director Peter Herweck's decision to defer cash compensation into deferred stock units (DSUs) demonstrates alignment of his interests with those of shareholders.
• The increase in the director's beneficial ownership of company stock through DSUs indicates confidence in the company's future performance.

Future Outlook

Deferred Stock Units (DSUs) are generally settled one-for-one in Common Stock within ninety days of the date a non-employee director no longer serves in such capacity.

Industry Context

This Form 4 details an individual insider transaction, which is a common practice for directors to receive or defer compensation in equity, aligning their interests with shareholders. It does not provide broader industry context.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to equity ownership.

Next Steps

• Settlement of Deferred Stock Units (DSUs) into Common Stock generally within ninety days of the reporting person no longer serving as a non-employee director.

Key Dates

Keywords

Teradyne, TER, Form 4, SEC filing, insider transaction, director compensation, deferred stock units, DSU, equity compensation