Teledyne (NYSE: TDY) CEO receives 5,515 stock options grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teledyne Technologies President and CEO George C. Bobb III received a grant of stock options covering 5,515 shares of common stock. The options have an exercise price of $656.69 per share and vest in three equal annual installments beginning on April 22, 2027. Any unexercised options expire on April 22, 2036. This is a compensation-related award, not an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bobb George C III
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 5,515 | $0.00 | -- |
Holdings After Transaction:
Stock Option (right to buy) — 5,515 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock options granted: 5,515 options
Exercise price: $656.69 per share
Vesting schedule: Three equal annual installments
+2 more
5 metrics
Stock options granted
5,515 options
Grant to President and CEO George C. Bobb III
Exercise price
$656.69 per share
Exercise price for the 5,515 stock options
Vesting schedule
Three equal annual installments
Beginning April 22, 2027
Expiration date
April 22, 2036
Final date to exercise the granted options
Underlying shares
5,515 shares
Teledyne common stock underlying the options
Key Terms
Stock Option (right to buy), exercise price, vest in three equal annual installments, expiration date, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
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 beginning April 22, 2027."
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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
Common Stock financial
"underlying_security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Teledyne (TDY) CEO George C. Bobb III report in this Form 4?
George C. Bobb III reported receiving a grant of stock options for 5,515 shares of Teledyne common stock. These options are a compensation-related award, not an open-market transaction, and give him the right to buy shares at a fixed exercise price.
How many Teledyne (TDY) stock options were granted to the CEO and at what price?
The CEO was granted stock options for 5,515 shares of Teledyne common stock at an exercise price of $656.69 per share. This exercise price is the cost per share if he later chooses to exercise the options within the option term.
When do the newly granted Teledyne (TDY) CEO stock options vest?
The stock options vest in three equal annual installments starting April 22, 2027. One-third of the 5,515 options vests each year over three years, which ties the award to continued service and long-term alignment with shareholders.
When do George C. Bobb III’s new Teledyne (TDY) stock options expire?
The options expire on April 22, 2036 if not exercised. After that expiration date, any unexercised options become worthless, so the CEO must exercise vested options before then to acquire Teledyne common shares.
Is this Teledyne (TDY) Form 4 a stock purchase or sale by the CEO?
This Form 4 reflects a grant of stock options as compensation, not a market purchase or sale of Teledyne shares. The CEO received the right to buy 5,515 shares at $656.69, but no open-market trade occurred in this filing.