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

Director Peter Herweck reports acquisition of deferred stock units (DSUs) due to dividend payments, increasing his holdings to 10,757 shares.

Summary

• On June 14, 2024, Peter Herweck, a director at Teradyne, Inc., acquired 6 deferred stock units (DSUs) at a price of $0.
• These DSUs were issued as dividends paid on existing DSUs, which Herweck elected to receive in the form of additional DSUs instead of cash.
• Following this transaction, Herweck's total holdings increased to 10,757 shares of common stock.
• 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.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through dividend reinvestment, which is generally seen as a good sign.

Positives

• The acquisition of additional shares demonstrates the director's continued investment in the company.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, providing transparency to the market.

Stakeholder Impact

• The increased holdings by a director could be viewed positively by shareholders.

Key Dates