Form 4: Teradyne Director Timothy Guertin Receives Deferred Stock Units as Dividend

Director Timothy Guertin acquired 69 deferred stock units (DSUs) of Teradyne, Inc. as a dividend, increasing his total holdings to 62,729 DSUs.

Summary

• On March 15, 2024, Timothy E. Guertin, a director of Teradyne, Inc., acquired 69 deferred stock units (DSUs) as a dividend.
• The DSUs were issued in accordance with his election to receive dividends paid on DSUs in the form of additional DSUs instead of cash.
• The acquisition is exempt under Exchange Act Rule 16b-3(d).
• These 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.
• Following the transaction, Guertin beneficially owns 62,729 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The acquisition of DSUs as a dividend reflects a continued investment in the company by a director.
• The use of DSUs allows for tax-efficient compensation for non-employee directors.

Future Outlook

The DSUs will be 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.

Industry Context

This Form 4 filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies.

Comparison to Industry Standards

• Director compensation in the form of stock and deferred stock units is a common practice among publicly traded companies, particularly in the technology sector.
• Companies like Texas Instruments and Analog Devices also utilize similar equity-based compensation plans for their directors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value through equity-based compensation.

Key Dates