Form 4: Teradyne Executive Richard John Burns Reports Stock Transactions
SEC Form 4
Richard John Burns, President of Semiconductor Test at Teradyne, Inc., reported the acquisition and disposal of company stock on January 27th and 28th, 2025.
Summary
- Richard John Burns, President of Semiconductor Test at Teradyne, Inc., engaged in stock transactions.
- On January 27, 2025, 420 shares were withheld by the issuer to cover tax obligations related to vesting restricted stock units at a price of $120.27 per share.
- On January 28, 2025, 407 shares were sold at a price of $120.51 per share.
- Following these transactions, Mr. Burns beneficially owns 20,763.7519 shares of Teradyne common stock.
- The sale of shares was conducted under a pre-arranged sales plan adopted on February 15, 2024, designed to comply with Rule 10b5-1.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative. It is a neutral event.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.
Comparison to Industry Standards
- The transactions are typical for executives at publicly traded companies, similar to those seen at companies like Applied Materials (AMAT) or Lam Research (LRCX).
- The use of a 10b5-1 trading plan is a common practice among executives to manage their stock holdings and avoid potential insider trading issues, similar to plans used by executives at other tech companies.
- The reported share prices are within the typical range for Teradyne's stock, and the volume of shares traded is not unusual for executive transactions.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 2024-02-15 | Date the sales plan was adopted by the Reporting Person. |
| 2024-12-31 | Date of acquisition of 84.5909 shares under the Employee Stock Purchase Plan. |
| 2025-01-27 | Date of tax withholding of 420 shares. |
| 2025-01-28 | Date of sale of 407 shares. |
| 2025-01-29 | Date of signature of the report. |
Keywords
Teradyne, stock transactions, insider trading, Rule 10b5-1, semiconductor test, equity securities, executive compensation
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