Teledyne (NYSE: TDY) director receives 319 restricted stock units grant
Rhea-AI Filing Summary
SMITH MICHAEL T reported acquisition or exercise transactions in this Form 4 filing.
Teledyne Technologies director Michael T. Smith received a grant of 319 Restricted Stock Units (RSUs) of Common Stock as director compensation. The RSUs were issued 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, vesting one year from the grant date. The filing notes that the price of $656.69 was used to determine the number of units. After this award, Smith holds 47,647 shares directly, including 787 RSUs, and these holdings reflect long-term equity alignment rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 319 shares
Net Buy
1 txn
Insider
SMITH MICHAEL T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 47,647 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 47,647 shares directly. Shares held directly include 787 Restricted Stock Units.
Key Figures
RSUs granted: 319 units
Determination price: $656.69
Total shares after transaction: 47,647 shares
+2 more
5 metrics
RSUs granted
319 units
Restricted Stock Units awarded to director on grant date
Determination price
$656.69
Price used in determining number of RSU units
Total shares after transaction
47,647 shares
Direct holdings following the RSU grant
RSUs included in holdings
787 units
Restricted Stock Units included in direct holdings
Vesting period
1 year
RSUs vest one year from the grant date
Key Terms
Restricted Stock Units, Incentive Award Plan, non-employee director, 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.
non-employee director financial
"Related to Non-Employee Director Restricted Stock Unit Awards and Fees"
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.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Teledyne Technologies (TDY) report for Michael T. Smith?
Teledyne Technologies reported that director Michael T. Smith received a grant of 319 Restricted Stock Units. These units are part of his non-employee director compensation and convert into Teledyne Common Stock after they vest, providing equity-based incentives tied to company performance.
What are the key terms of the 319 Restricted Stock Units granted by Teledyne (TDY)?
The 319 Restricted Stock Units each represent a right to receive one Teledyne Common Share. They vest one year from the grant date, after which shares are delivered unless the director elects to defer delivery until separation from Board service, according to the filing’s footnotes.
Was the Teledyne (TDY) Form 4 grant to Michael T. Smith an open-market stock purchase?
No, the transaction was a grant of 319 Restricted Stock Units as compensation, not an open-market purchase. The units were issued under Teledyne’s 2014 Incentive Award Plan for non-employee directors, with the number of units determined using a price of $656.69.
How was the number of Restricted Stock Units for Teledyne (TDY) director Michael T. Smith calculated?
The filing states that a price of $656.69 was used in determining the 319 Restricted Stock Units. This price functions as a basis for converting a compensation value into a share-based award quantity, aligning director compensation with Teledyne’s stock.