Teledyne (NYSE: TDY) CFO awarded 2,470 stock options at $656.69
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teledyne Technologies Executive VP and CFO Stephen Finis Blackwood received a grant of stock options for 2,470 shares of common stock. The options have an exercise price of $656.69 per share and expire on April 22, 2036.
These options were awarded as compensation and are not an open-market purchase. They vest in three equal annual installments beginning on April 22, 2027, meaning the executive earns one-third of the grant each year over a three-year period. Following this grant, he holds 2,470 options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Blackwood Stephen Finis
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 2,470 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 2,470 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 2,470 options
Exercise price: $656.69 per share
Expiration date: April 22, 2036
+2 more
5 metrics
Stock options granted
2,470 options
Grant to Executive VP and CFO on April 22, 2026
Exercise price
$656.69 per share
Exercise price for granted stock options
Expiration date
April 22, 2036
Option grant expiration
Underlying shares
2,470 shares
Common stock underlying the options
Post-grant option holdings
2,470 options
Total stock options held directly after this transaction
Key Terms
Stock Option (right to buy), Grant, award, or other acquisition, exercise price, vest in three equal annual installments, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
exercise price financial
"conversion_or_exercise_price: 656.6900"
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.
vest in three equal annual installments financial
"The options vest in three equal annual installments"
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 did Teledyne Technologies (TDY) disclose in this Form 4 for its CFO?
Teledyne Technologies reported that Executive VP and CFO Stephen Finis Blackwood received a grant of 2,470 stock options. These options are compensation-based, not an open-market trade, and give him the right to buy Teledyne common stock at a fixed exercise price.
How many stock options did Teledyne’s CFO receive and at what exercise price?
The CFO received 2,470 stock options with an exercise price of $656.69 per share. This grants him the right to purchase Teledyne common stock at that fixed price if and when the options vest and are later exercised.
When do the new stock options for Teledyne (TDY) CFO begin vesting?
The options begin vesting on April 22, 2027. They vest in three equal annual installments starting on that date, so one-third of the 2,470 options becomes exercisable each year over a three-year period, subject to any employment conditions.
What is the expiration date of the stock options granted to Teledyne’s CFO?
The granted stock options expire on April 22, 2036. If the CFO does not exercise vested options by that date, they will lapse. The long expiration term provides an extended window to exercise after vesting occurs over the three-year schedule.
How many Teledyne stock options does the CFO hold after this Form 4 transaction?
Following this grant, the Form 4 reports that the CFO directly holds 2,470 stock options. These options all relate to Teledyne common stock, share the same $656.69 exercise price, and will vest in three equal annual installments beginning April 22, 2027.