Teledyne (NYSE: TDY) director granted 319 restricted stock units
Rhea-AI Filing Summary
Malone Robert A reported acquisition or exercise transactions in this Form 4 filing.
Teledyne Technologies director Robert A. Malone received a grant of 319 Restricted Stock Units (RSUs) of common stock. The units were issued under the Amended and Restated Teledyne Technologies Incorporated 2014 Incentive Award Plan for non-employee directors, using a price of $656.69 to determine the number of units.
Each RSU represents a contingent right to receive one share of Teledyne common stock and vests one year from the grant date. Shares will be delivered after vesting unless Malone elects to defer delivery until separation from Board service. Following this grant, he holds 6,179 shares directly, including 787 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 319 shares
Net Buy
1 txn
Insider
Malone Robert A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 6,179 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. In determining the number of units the price of $656.69 was used.
- F3. Reporting person holds 6,179 shares directly. Shares held include 787 Restricted Stock Units.
Key Figures
RSU grant size: 319 units
Reference price for units: $656.69
Total direct holdings: 6,179 shares
+2 more
5 metrics
RSU grant size
319 units
Restricted Stock Units granted to Robert A. Malone
Reference price for units
$656.69
Price used in determining number of RSU units
Total direct holdings
6,179 shares
Shares held directly by Malone following the grant
RSUs included in holdings
787 units
Restricted Stock Units included in Malone’s direct holdings
Vesting period
1 year
RSUs vest one year from the grant date
Key Terms
Restricted Stock Units, Incentive Award Plan, vest, defer delivery
4 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
"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.
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.
defer delivery financial
"unless the Reporting Person has made an election to defer delivery of shares"
FAQ
What insider transaction did TDY director Robert A. Malone report?
Robert A. Malone reported receiving 319 Restricted Stock Units of Teledyne common stock. These units were granted as non-employee director compensation under the company’s 2014 Incentive Award Plan and represent a contingent right to receive shares after vesting.
When do Robert A. Malone’s new Teledyne RSUs vest?
The 319 Restricted Stock Units granted to Robert A. Malone vest one year from the grant date. Once vested, common shares will be delivered unless he has elected to defer receipt until his separation from Teledyne’s Board service under the plan’s administrative rules.
What plan governs the TDY Restricted Stock Units granted to Robert A. Malone?
The RSUs were issued under the Administrative Rules of the Amended and Restated Teledyne Technologies Incorporated 2014 Incentive Award Plan. This plan covers non-employee director Restricted Stock Unit awards and related fees, and defines vesting, delivery, and potential deferral terms.
How was the number of Teledyne RSUs for Robert A. Malone’s grant calculated?
In determining the 319 Restricted Stock Units granted to Robert A. Malone, a price of $656.69 was used. This value served as the reference price under the plan’s rules to translate the underlying compensation amount into a specific number of RSU units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
