Teledyne director receives 319 RSU share awards
LORNE SIMON M reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
LORNE SIMON M reported acquisition or exercise transactions in this Form 4 filing.
Teledyne Technologies director Lorne Simon received an award of 319 Restricted Stock Units under the company’s 2014 Incentive Award Plan for non-employee directors. Each unit represents a contingent right to receive one share of common stock and vests one year from the grant date.
The number of units was determined using a reference price of $656.69 per share. After this award, Simon holds 62,232 shares of Teledyne common stock directly, which includes 3,699 Restricted Stock Units, reflecting routine equity-based director compensation rather than an open-market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | $0.00 |
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 62,232 shares directly. Shares held directly include 3,699 Restricted Stock Units.
Key Figures
Key Terms
Restricted Stock Units financial
Incentive Award Plan financial
contingent right financial
vest financial
separation from Board service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Teledyne Technologies (TDY) director Lorne Simon report in this Form 4?
What are the key terms of the Restricted Stock Units granted to Lorne Simon at Teledyne (TDY)?
How was the number of Restricted Stock Units for Lorne Simon’s Teledyne (TDY) award determined?
Does Lorne Simon’s Teledyne (TDY) Form 4 reflect an open-market stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.