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

Director Peter Herweck reports acquisition of deferred stock units (DSUs) through deferred compensation and dividend reinvestment.

Summary

• Director Peter Herweck acquired 200 deferred stock units (DSUs) on September 26, 2024, through deferral of quarterly cash compensation.
• These DSUs are settled one-for-one in Common Stock, generally within ninety days of the date the director no longer serves in such capacity.
• Additionally, Mr. Herweck acquired 7 DSUs on September 27, 2024, representing dividends paid on existing DSUs, reinvested in the form of additional DSUs.
• Following these transactions, Mr. Herweck beneficially owns 11,150 shares of Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director's actions of deferring compensation and reinvesting dividends suggest confidence in the company's prospects.

Positives

• Director's decision to defer compensation into stock units signals confidence in the company's future.
• Reinvestment of dividends into additional DSUs further demonstrates a long-term commitment.

Future Outlook

The DSUs will be settled 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

Director stock ownership is generally viewed positively by investors as it aligns management's interests with those of shareholders. Deferring compensation into stock units is a common practice among directors.

Stakeholder Impact

• The transactions may have a slightly positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates