Teledyne Technologies (NYSE: TDY) director granted 319 RSUs under incentive plan
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LORNE SIMON M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 62,232 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 62,232 shares directly. Shares held directly include 3,699 Restricted Stock Units.
Key Figures
RSU grant size: 319 units
Reference price for units: $656.69 per share
Shares held after transaction: 62,232 shares
+2 more
5 metrics
RSU grant size
319 units
Restricted Stock Units granted to director on April 22, 2026
Reference price for units
$656.69 per share
Price used to determine number of RSUs granted
Shares held after transaction
62,232 shares
Total Teledyne common shares held directly following award
RSUs included in holdings
3,699 units
Restricted Stock Units included within direct holdings
Transaction price per unit
$0.00
Grant/award of RSUs carried no cash purchase price
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.
separation from Board service financial
"defer delivery of shares until separation from Board service"
FAQ
What did Teledyne Technologies (TDY) director Lorne Simon report in this Form 4?
Lorne Simon reported receiving 319 Restricted Stock Units of Teledyne Technologies common stock as a director compensation award. The units were granted under the company’s 2014 Incentive Award Plan and represent a contingent right to receive an equal number of common shares after vesting.
What are the key terms of the Restricted Stock Units granted to Lorne Simon at Teledyne (TDY)?
The grant consists of 319 Restricted Stock Units, each representing a contingent right to one Teledyne share. The units vest one year from the grant date, with shares delivered after vesting unless Simon elects to defer delivery until separation from Board service under plan rules.
How was the number of Restricted Stock Units for Lorne Simon’s Teledyne (TDY) award determined?
In determining the number of Restricted Stock Units, a reference price of $656.69 per share was used. This price was applied under the administrative rules of Teledyne’s 2014 Incentive Award Plan to translate the director’s compensation amount into 319 share-based units.
Does Lorne Simon’s Teledyne (TDY) Form 4 reflect an open-market stock purchase or sale?
No, the filing reflects a grant of 319 Restricted Stock Units as compensation, not an open-market transaction. The units were issued at a stated price of $0.00 per unit and will convert into common shares upon vesting, consistent with Teledyne’s non-employee director award program.