Form 4: Teradyne Director Peter Herweck Reports Acquisition of Deferred Stock Units

Director Peter Herweck reports acquisition of deferred stock units (DSUs) and additional DSUs from dividend payments.

Summary

• Peter Herweck, a director at Teradyne, Inc., reported the acquisition of 222 deferred stock units (DSUs) on December 18, 2024, representing deferred quarterly cash compensation.
• Additionally, Mr. Herweck acquired 8 DSUs on the same date as a result of dividend payments on existing DSUs.
• These DSUs are settled one-for-one in Common Stock, typically within 90 days after the director ceases to serve in that capacity.
• Following these transactions, Mr. Herweck beneficially owns 11,380 shares of Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and reinvestment in the company's stock.

Positives

• The acquisition of DSUs through deferred compensation aligns the director's interests with the long-term performance of the company.
• The receipt of dividend payments in the form of additional DSUs demonstrates a commitment to reinvesting in the company's stock.

Future Outlook

The DSUs will be settled in Common Stock within 90 days of Mr. Herweck no longer serving as a director.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reflects the company's compensation policies for its directors.

Key Dates