Form 4: Teradyne Director Sells Shares Under Pre-Planned 10b5-1 Plan
Insider Transaction Report
Teradyne Director Mercedes Johnson sold 625 shares of common stock for $120.06 per share, executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Mercedes Johnson, a Director at Teradyne, Inc. (TER), disposed of 625 shares of common stock.
- The transaction occurred on September 5, 2025, with shares sold at a price of $120.06 per share.
- The sale was conducted pursuant to a Rule 10b5-1 sales plan adopted by Ms. Johnson on February 3, 2025.
- Following the transaction, Ms. Johnson directly owns 10,738 shares of Teradyne common stock.
- Additionally, Ms. Johnson indirectly owns 1,876 shares through The Mercedes Johnson Trust UAD 07/23/04, where she serves as trustee and sole beneficiary.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive due to the transparency provided by the 10b5-1 plan, which indicates a pre-scheduled, non-discretionary sale, mitigating potential negative interpretations of an insider selling shares.
Positives
- The sale was executed under a Rule 10b5-1 plan, indicating a pre-scheduled, non-discretionary transaction, which enhances transparency and mitigates concerns about insider trading based on material non-public information.
Negatives
- A reduction in direct insider ownership, even if pre-planned, can sometimes be perceived negatively by the market, though the amount sold is relatively small.
Future Outlook
NA
Industry Context
This filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Implementation | The reporting person adopted a Rule 10b5-1 sales plan, which is a corporate governance mechanism allowing insiders to sell shares at a predetermined time or price to avoid accusations of insider trading. | 02/03/2025 | Enhances transparency and reduces potential for insider trading concerns related to future sales by the reporting person. |
Stakeholder Impact
- Shareholders: The sale represents a minor reduction in direct insider ownership, but the use of a 10b5-1 plan suggests a planned, non-event-driven transaction, which typically has minimal impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 07/23/2004 | Date of establishment for The Mercedes Johnson Trust UAD |
| 02/03/2025 | Date the Rule 10b5-1 sales plan was adopted by Mercedes Johnson |
| 09/05/2025 | Date of the reported common stock transaction (sale) |
| 09/09/2025 | Date the Form 4 filing was signed by Ryan E. Driscoll, Attorney-in-Fact |
Keywords
Teradyne, TER, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan, Equity Transaction
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