Teledyne (NYSE: TDY) director receives 319 Restricted Stock Units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VON SCHACK WESLEY W reported acquisition or exercise transactions in this Form 4 filing.
Teledyne Technologies director Wesley W. von Schack received an equity award of 319 Restricted Stock Units (RSUs). The RSUs were granted at no cash cost to him under the company’s Amended and Restated 2014 Incentive Award Plan for non-employee directors.
Each RSU represents a contingent right to receive one share of Teledyne common stock. The units vest one year from the grant date, with shares delivered after vesting unless he elects to defer delivery until separation from Board service. After this award, he holds 11,370 shares in total, including direct holdings and shares in related revocable trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
VON SCHACK WESLEY W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,370 shares (Direct, null)
Footnotes (1)
- Represents Restricted Stock Units issued to the Reporting Person under the Administrative Rules of the Amended and Restated Teledyne Technologies Incorporated 2014 Incentive Award Plan Related to Non-Employee Director Restricted Stock Unit Awards and Fees. Each Restricted Stock Unit represents a contingent right to receive one share of Teledyne Common Stock. Units vest one year from the date of grant. Shares of common stock will be delivered to the Reporting Person following the vesting date, unless the Reporting Person has made an election to defer delivery of shares until separation from Board service. In determining the number of units the price of $656.69 was used. Reporting Person holds 3,435 shares directly, 7,235 shares in the von Schack Revocable Trust and 700 shares in the Wesley von Schack Revocable Trust. Shares held directly include 2,967 Restricted Stock Units.
Key Figures
RSU grant size: 319 RSUs
Reference price for units: $656.69
Total holdings after transaction: 11,370 shares
+4 more
7 metrics
RSU grant size
319 RSUs
Restricted Stock Units granted to director on Form 4
Reference price for units
$656.69
Price used in determining number of RSUs
Total holdings after transaction
11,370 shares
Shares owned following the RSU award
Directly held shares
3,435 shares
Direct holdings including 2,967 RSUs
von Schack Revocable Trust holdings
7,235 shares
Shares held in the von Schack Revocable Trust
Wesley von Schack Revocable Trust holdings
700 shares
Shares held in the Wesley von Schack Revocable Trust
Direct RSUs included in holdings
2,967 RSUs
Restricted Stock Units included in direct holdings
Key Terms
Restricted Stock Units, Incentive Award Plan, contingent right, vest, +1 more
5 terms
Restricted Stock Units financial
"Represents Restricted Stock Units issued to the Reporting Person under the Administrative Rules..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Incentive Award Plan financial
"under the Administrative Rules of the Amended and Restated Teledyne Technologies Incorporated 2014 Incentive Award Plan..."
An incentive award plan is a formal program that rewards employees, executives, or directors with cash, stock, options, or other pay when the company meets set goals or performance targets. Like a sales commission or a loyalty program that pays out when you hit milestones, it’s designed to align staff behavior with company objectives; investors care because it affects a company’s costs, share count (dilution), leadership incentives, and long-term value creation.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Teledyne Common Stock."
vest financial
"Units vest one year from the date of grant."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Revocable Trust financial
"7,235 shares in the von Schack Revocable Trust and 700 shares in the Wesley von Schack Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What insider transaction did Teledyne (TDY) disclose for Wesley W. von Schack?
Teledyne reported that director Wesley W. von Schack received an award of 319 Restricted Stock Units. These equity units were granted at no cash cost and represent compensation under Teledyne’s 2014 Incentive Award Plan for non-employee directors.
How do the 319 Restricted Stock Units for Teledyne (TDY) convert into common stock?
Each of the 319 Restricted Stock Units represents a contingent right to receive one share of Teledyne common stock. The shares will be delivered after the RSUs vest, subject to any deferral election made by the director under the plan’s administrative rules.
When do Wesley W. von Schack’s Teledyne (TDY) RSUs vest?
The 319 Restricted Stock Units granted to Wesley W. von Schack vest one year from the grant date. After vesting, common shares will be delivered unless he elects to defer delivery until his separation from service on Teledyne’s Board of Directors.
What reference price was used to determine the number of Teledyne (TDY) RSUs granted?
In determining the 319 Restricted Stock Units granted, a price of $656.69 was used. This price is referenced solely for calculating the number of units awarded under Teledyne’s 2014 Incentive Award Plan for non-employee directors.
How many Restricted Stock Units does the Teledyne (TDY) director already hold directly?
The filing states that shares held directly by Wesley W. von Schack include 2,967 Restricted Stock Units. These RSUs are part of his direct holdings and are separate from shares held in the von Schack Revocable Trust and the Wesley von Schack Revocable Trust.