Form 4: Teradyne Executive Ryan Driscoll Reports Stock Transactions
SEC Form 4
Teradyne's VP, General Counsel, and Secretary, Ryan Driscoll, reported multiple transactions involving the company's common stock, including tax withholding and sales under a pre-arranged plan.
Summary
- Ryan Driscoll, VP, General Counsel, and Secretary at Teradyne, Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
- On January 28, 2025, 82 shares were withheld by Teradyne to cover tax obligations related to vesting restricted stock units at a price of $121.95 per share.
- On January 29, 2025, 77 shares were withheld for tax obligations related to vesting restricted stock units at a price of $122.05 per share.
- Also on January 29, 2025, 76 shares were sold at a price of $122.90 per share.
- These transactions were made under a pre-arranged sales plan adopted on August 7, 2024, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
- Following these transactions, Mr. Driscoll's direct holdings of Teradyne common stock decreased to 4,748.9602 shares.
Sentiment
Score: 5
Explanation: The document is neutral, reporting routine stock transactions by an executive. There is no indication of positive or negative sentiment.
Risks
- The sales of shares by an executive could be perceived negatively by the market, although they were conducted under a pre-arranged plan.
- The tax withholding of shares reduces the executive's direct ownership.
Industry Context
This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and the transactions reported are typical for executives with stock-based compensation.
- The use of a Rule 10b5-1 trading plan is a common method for executives to avoid accusations of insider trading, and is a standard practice across the industry.
- The reported transactions are similar to those of executives at comparable technology companies, such as Applied Materials and Lam Research, who also regularly report stock transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
- The transactions are part of the executive's compensation and do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date the sales plan was adopted by the Reporting Person. |
| 01/28/2025 | Date of first reported transaction, tax withholding of 82 shares. |
| 01/29/2025 | Date of second and third reported transactions, tax withholding of 77 shares and sale of 76 shares. |
| 01/30/2025 | Date of signature on the Form 4. |
Keywords
Teradyne, Ryan Driscoll, Form 4, stock transactions, insider trading, Rule 10b5-1, restricted stock units, tax withholding, share sales
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