Form 4: Teradyne Executive Sells Shares to Cover Tax Obligations

A Teradyne executive, John Francis Wood, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• John Francis Wood, President of the System Test Group at Teradyne, sold a total of 251 shares of common stock.
• The sales occurred on January 28, 2025, and January 29, 2025.
• These transactions were to cover tax withholding obligations related to the vesting of restricted stock units.
• 128 shares were sold on January 28 at a price of $121.95 per share.
• 123 shares were sold on January 29 at a price of $122.05 per share.
• Following these transactions, Mr. Wood still beneficially owns 10,009.1251 shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across the technology industry.
• Many companies, such as Applied Materials and Lam Research, have similar patterns of executive stock transactions related to vesting schedules.
• The number of shares sold is relatively small compared to the total holdings of the executive, which is typical for these types of transactions.

Stakeholder Impact

• The impact on shareholders is likely minimal, as the transaction is a routine sale for tax purposes and the number of shares sold is small relative to the company's total outstanding shares.

Key Dates

Keywords

Teradyne, insider trading, stock sale, executive, tax obligations, restricted stock units, share sale, John Francis Wood