Teledyne (TDY) director Vincent Morales receives 319 RSUs as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morales Vincent J reported acquisition or exercise transactions in this Form 4 filing.
Teledyne Technologies director Vincent J. Morales received an equity grant of 319 Restricted Stock Units (RSUs). The award was made at no cash cost per unit under Teledyne’s 2014 Incentive Award Plan for non-employee directors. Each RSU represents a contingent right to receive one share of common stock and vests one year from the grant date.
After this grant, Morales holds 2,194 shares directly, including 1,726 RSUs. Shares underlying these RSUs will be delivered after vesting or, if elected, after separation from Board service, so this filing reflects compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morales Vincent J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 319 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,194 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 2,194 shares directly. Shares held directly include 1,726 Restricted Stock Units.
Key Figures
RSUs granted: 319 units
Grant price: $0.00 per unit
Reference price for units: $656.69
+3 more
6 metrics
RSUs granted
319 units
Restricted Stock Units granted to Vincent J. Morales
Grant price
$0.00 per unit
Non-cash equity award under director incentive plan
Reference price for units
$656.69
Price used to determine number of RSUs granted
Total shares after grant
2,194 shares
Direct holdings following the RSU award
RSUs included in holdings
1,726 units
Restricted Stock Units within direct share total
Vesting period
1 year
RSUs vest one year from grant date
Key Terms
Restricted Stock Units, Incentive Award Plan, vesting date
3 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.
vesting date financial
"Units vest one year from the date of grant. Shares of common stock will be delivered... following the vesting date..."
FAQ
What insider transaction did Teledyne Technologies (TDY) report for Vincent J. Morales?
Teledyne disclosed that director Vincent J. Morales received a grant of 319 Restricted Stock Units as non-cash compensation. These RSUs are issued under the company’s 2014 Incentive Award Plan for non-employee directors and represent future rights to Teledyne common shares.
At what price were the new Teledyne (TDY) RSUs for Vincent J. Morales determined?
The number of RSUs granted to Morales was calculated using a reference price of $656.69 per share. This price was used solely to determine how many units to grant, while the Form 4 shows a grant price of $0.00, reflecting non-cash compensation.
When do Vincent J. Morales’s new Teledyne (TDY) RSUs vest?
The 319 Restricted Stock Units granted to Vincent J. Morales vest one year from the grant date. After vesting, the related Teledyne common shares will be delivered, unless Morales has elected to defer delivery until he separates from Board service.
Is Vincent J. Morales’s Teledyne (TDY) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 319 Restricted Stock Units as compensation, not an open-market buy or sell. The transaction code is “A” for award, with a price of $0.00 per unit, indicating a non-cash equity grant rather than trading activity.