Teledyne (NYSE: TDY) EVP granted 2,138 stock options at $656.69 strike
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teledyne Technologies executive Melanie Susan Cibik, EVP and General Counsel, received a grant of stock options covering 2,138 shares of common stock. The options have an exercise price of $656.69 per share and expire on April 22, 2036.
The award is compensation-related, with no cash paid at grant. According to the filing, the options vest in three equal annual installments beginning April 22, 2027, so Ms. Cibik must remain eligible over time before fully benefiting from the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cibik Melanie Susan
Role
EVP, GenCounsel, CCO & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 2,138 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 2,138 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 2,138 options
Exercise price: $656.69 per share
Expiration date: April 22, 2036
+2 more
5 metrics
Options granted
2,138 options
Stock Option (right to buy) grant to EVP on April 22, 2026
Exercise price
$656.69 per share
Price to buy Teledyne common stock upon exercise
Expiration date
April 22, 2036
Final date to exercise granted stock options
Shares underlying options
2,138 shares
Underlying Teledyne common stock for the option award
Vesting schedule
Three equal annual installments
Vesting begins April 22, 2027 per footnote
Key Terms
Stock Option (right to buy), exercise price, vesting, expiration date
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
exercise price financial
"conversion_or_exercise_price: "656.6900" per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"The options vest in three equal annual installments beginning April 22, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"expiration_date: "2036-04-22T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What insider transaction did TDY executive Melanie Cibik report on this Form 4?
Melanie Susan Cibik reported receiving a grant of stock options for 2,138 shares of Teledyne Technologies common stock. The award is a compensation-related acquisition, not an open-market purchase or sale, and reflects equity-based pay tied to the company’s future share performance.
What is the exercise price of Melanie Cibik’s new Teledyne (TDY) stock options?
The granted stock options have an exercise price of $656.69 per share. This is the price Ms. Cibik must pay to buy Teledyne common shares upon exercise, once the options vest and before they reach their stated expiration date in 2036.
When do Melanie Cibik’s TDY stock options vest and become exercisable?
The options vest in three equal annual installments starting April 22, 2027. That means one-third of the 2,138 options becomes exercisable each year over three years, aligning the award with continued service and longer-term performance at Teledyne Technologies.
When do the newly granted Teledyne (TDY) stock options to Melanie Cibik expire?
The stock options granted to Melanie Cibik expire on April 22, 2036. She must exercise any vested options before that date at the $656.69 exercise price; after expiration, any unexercised options cease to have value or provide share purchase rights.