Form 4: Teradyne Executive Richard John Burns Reports Stock Transactions

Richard John Burns, President of Semiconductor Test at Teradyne, reported the vesting of performance-based restricted stock units, tax withholding, and a sale of shares.

Summary

• Richard John Burns, President of Semiconductor Test at Teradyne, reported several transactions involving Teradyne common stock.
• On January 28, 2025, 3,345 performance-based restricted stock units (PRSUs) vested, each representing one share of common stock.
• Also on January 28, 2025, 1,228 shares were withheld by Teradyne to cover tax obligations related to the vesting of restricted stock units and PRSUs.
• On January 29, 2025, Mr. Burns sold 1,477 shares of common stock at a price of $122.9 per share.
• These transactions were reported on a Form 4 filing with the Securities and Exchange Commission.

Sentiment

Score: 5

Explanation: The document reflects routine stock transactions by an executive, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It does not indicate any specific trend in the semiconductor industry.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Teradyne.
• Companies such as Applied Materials, Lam Research, and ASML also have executives who regularly report stock transactions.
• The use of 10b5-1 trading plans is a standard practice to avoid accusations of insider trading.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
• The tax withholding impacts the executive's net gain from the vesting of the stock units.

Key Dates

Keywords

Teradyne, stock transactions, Form 4, Richard John Burns, restricted stock units, performance-based, 10b5-1 plan, insider trading