Teledyne (TDY) director Vincent Morales receives 319 RSUs as board pay
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
| 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 2,194 shares directly. Shares held directly include 1,726 Restricted Stock Units.
Key Figures
Key Terms
Restricted Stock Units financial
Incentive Award Plan financial
vesting date financial
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