Teledyne Form 4: CEO cashless option exercise & full sale, 10,391 shares retained

Rhea-AI Filing Summary

Form 4 – Teledyne Technologies (TDY) discloses that President & CEO George C. Bobb III executed a same-day option exercise and sale on 07/30/2025.

The executive exercised 6,735 stock options at an exercise price of $217.39 (Code M), briefly lifting his direct holdings to 17,126.44 shares. He then sold the entire lot in two open-market transactions: 6,260 shares at a $555.345 weighted-average price and 475 shares at $556.2098, generating roughly $3.7 million in gross proceeds. After the sales, his direct ownership returned to 10,391.44 shares (including 772 restricted shares), and he now holds no remaining derivative securities.

The filing represents a cashless exercise: Bobb realizes option value without changing his net equity stake, limiting dilution to previously granted options and avoiding incremental insider exposure. Investors may view the absence of a net purchase as neutral, while the sizable sale could carry modest negative optics.

Positive

• CEO retains 10,391.44 shares, avoiding a net reduction in insider ownership.
• 6,735 options cleared, eliminating a potential overhang of in-the-money derivatives.

Negative

• $3.7 M worth of stock sold immediately after exercise, potentially signaling limited incremental confidence.
• No new shares were purchased; transaction provides no positive buying signal to the market.

Insights

Securities Analyst

TL;DR: Cashless exercise; no net stake change, modestly negative optics from $3.7 M sale.

The CEO converted 6,735 in-the-money options at $217.39 and immediately sold the shares at ~$555. The maneuver monetizes value (~156% spread) while keeping ownership flat at 10,391 shares. Because the option grant already existed, dilution is limited to the strike-price issuance and has no P&L impact. Lack of incremental buying suggests neutral confidence; equally, no reduction in core holdings tempers bearish interpretation. I classify the impact as neutral overall.

Corporate Governance Expert

TL;DR: Insider liquidation of exercised shares may signal profit-taking, minor governance concern.

Immediate disposal of 100% of exercised shares removes alignment upside that options provided. While ownership remains steady, the $3.7 M sale could draw scrutiny if repeated, especially as no 10b5-1 plan was flagged. Boards often encourage partial retention to reinforce commitment; here, that signal is absent. Nonetheless, with holdings unchanged and no unusual patterns, I view governance risk as low, but sentiment slightly negative.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bobb George C III

(Last) (First) (Middle)

1049 CAMINO DOS RIOS

(Street)

THOUSAND OAKS CA 91360

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TELEDYNE TECHNOLOGIES INC [ TDY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/30/2025		M		6,735	A	$217.39	17,126.44	D
Common Stock	07/30/2025		S		6,260	D	$555.345(1)	10,866.44	D
Common Stock	07/30/2025		S		475	D	$556.2098(2)	10,391.44(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option right-to-buy	$217.39	07/30/2025		M			6,735	01/22/2020	01/22/2029	Common Stock	6,735	$0	0	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $555.00 to $555.99. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. This transaction was executed in multiple trades at prices ranging from $556.13 to $556.315. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. Reporting person holds 10,391.44 shares held directly, including 772 restricted shares and also includes shares purchased under the Employee Stock Purchase Plan, based on information received as of January 20, 2025. Does not include 2,841 Restricted Stock Units.

Remarks:

	George C. Bobb III	07/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TDY report on July 30 2025?

CEO George C. Bobb III exercised 6,735 options at $217.39 and sold the same number of shares on the open market.

How many Teledyne shares did the CEO sell and at what prices?

He sold 6,260 shares at a weighted average $555.345 and 475 shares at $556.2098.

Did the CEO's net ownership in TDY change after the transactions?

No. His direct holdings returned to 10,391.44 shares after the exercise-and-sale sequence.

What was the exercise price of the stock options?

The options were exercised at $217.39 per share.

Are any derivative securities still outstanding for the CEO?

No. Following the exercise, the CEO holds zero derivative securities.

Why is a Form 4 filing important to investors?

Form 4 reveals timely insider buying or selling, offering insights into management’s sentiment toward the company’s stock.