Form 4: Teradyne VP Ryan Driscoll Reports Stock Transactions

Ryan Driscoll, VP, General Counsel, and Secretary of Teradyne, Inc., reports acquisition of restricted stock units and stock options, as well as shares withheld for tax obligations.

Summary

• Ryan Driscoll, a VP at Teradyne, filed a Form 4 detailing changes in beneficial ownership.
• On January 31, 2025, Driscoll acquired 3,110 restricted stock units (RSUs) and 2,688 stock options.
• The RSUs vest in four equal annual installments starting January 31, 2026.
• The stock options vest 25% per year over four years beginning January 31, 2026.
• On February 3, 2025, 199 shares were withheld by Teradyne to cover Driscoll's tax obligations related to RSU vesting.
• Following these transactions, Driscoll beneficially owns 7,222.9602 shares of common stock and 2,688 stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The RSUs will vest in four equal annual installments beginning on January 31, 2026. The stock options vest 25% per year over four years beginning on January 31, 2026.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and alignment with shareholder interests.

Comparison to Industry Standards

• Executive compensation packages including stock options and RSUs are standard practice among publicly traded companies, especially in the technology sector.
• Companies like Applied Materials, Lam Research, and ASML also utilize similar equity-based compensation to incentivize their executives.
• The vesting schedules and terms are generally comparable to industry norms, designed to retain talent and align executive performance with long-term shareholder value.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive compensation and ownership.
• Employees may be interested in the details of equity compensation for executives.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Options, Restricted Stock Units, Teradyne, Driscoll, Equity