TER Form 3 Filed: Jean Pierre Hathout Discloses RSUs and Shares
Rhea-AI Filing Summary
Jean Pierre Hathout filed an initial Form 3 reporting beneficial ownership in Teradyne, Inc. (TER) on 09/02/2025. The filing shows 9,551 shares beneficially owned, consisting of 1,713 vested common shares and 7,838 restricted stock units (RSUs) awarded under the companys 2006 Equity and Cash Compensation Incentive Plan. The RSUs convert one-for-one to common shares and vest on defined schedules from 2026 through 2028. Hathout is identified as an officer (President, Teradyne Robotics) and director.
Positive
- Officer and director status disclosed, providing transparency about insider role (President, Teradyne Robotics).
- Detailed RSU vesting schedules are provided, clarifying timing of potential future share issuance (20262028).
Negative
- None.
Insights
TL;DR: Officer ownership is modest and consists mainly of unvested RSUs; limited immediate equity exposure.
The Form 3 discloses a total of 9,551 shares, of which 7,838 are RSUs that vest over multi-year schedules from 2026 to 2028. This indicates compensation is equity-based and largely deferred. For investors, the filing is a routine disclosure of insider holdings tied to employment rather than a material change in control or a significant immediate equity stake.
TL;DR: Standard initial Section 16 filing for a newly reportable officer with staggered RSU vesting; governance implications are routine.
The report identifies Hathout as both an officer and director and attaches an exhibit for power of attorney. The staggered vesting schedule aligns executive retention incentives. There are no derivative holdings, amendments, or unusual transfer conditions disclosed. This is a standard governance disclosure with no evident compliance issues in the filing text.