Teradyne (TER) director Ernest Maddock receives additional DSUs as dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Teradyne, Inc. director Ernest E. Maddock reported a small, routine equity compensation adjustment. On this Form 4, he received 2 deferred stock units (DSUs) credited as dividend equivalents on existing DSUs, with no cash changing hands.
The filing notes these DSUs were issued in accordance with his election to receive dividends on DSUs in the form of additional DSUs, in an acquisition exempt under Exchange Act Rule 16b-3(d). After this transaction, Maddock directly holds 10,267 shares or share-settled units equivalent to common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MADDOCK ERNEST E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 2 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,267 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units credited: 2 DSUs
Holdings after transaction: 10,267 shares/units
Restructuring shares: 2 shares
3 metrics
Deferred stock units credited
2 DSUs
Dividend equivalents on existing DSUs for director
Holdings after transaction
10,267 shares/units
Common stock or DSUs equivalent following Form 4 event
Restructuring shares
2 shares
Classified as restructuring-type other transaction in summary
Key Terms
deferred stock units ("DSUs"), Exchange Act Rule 16b-3(d), dividends paid on DSUs, settled one-for-one in Common Stock
4 terms
deferred stock units ("DSUs") financial
"Represents deferred stock units ("DSUs") issued to the Reporting Person"
Exchange Act Rule 16b-3(d) regulatory
"Such acquisition is exempt under Exchange Act Rule l 6b-3(d)."
dividends paid on DSUs financial
"election to receive dividends paid on DSUs in the form of additional DSUs"
settled one-for-one in Common Stock financial
"DSUs are settled one-for-one in Common Stock generally within ninety days"
FAQ
What did Teradyne (TER) director Ernest Maddock report on this Form 4?
Ernest Maddock reported receiving 2 deferred stock units (DSUs) as dividend equivalents on existing DSUs. This is a routine, non-cash equity compensation adjustment, not an open-market stock purchase or sale, and is treated as exempt under Exchange Act Rule 16b-3(d).
Was this Teradyne (TER) Form 4 an open-market buy or sell by Ernest Maddock?
No, this Form 4 does not reflect an open-market buy or sell. It records issuance of 2 deferred stock units as dividend equivalents on existing DSUs, a routine, non-cash equity compensation event that is exempt from short-swing profit rules under Exchange Act Rule 16b-3(d).
What are the deferred stock units (DSUs) mentioned in the Teradyne (TER) filing?
The DSUs are deferred stock units granted to a non-employee director, settled one-for-one in common stock. In this case, 2 additional DSUs were credited as dividends in lieu of cash, and they will generally be settled within ninety days after the director leaves the board.
How were dividends on Teradyne (TER) DSUs handled for Ernest Maddock?
Dividends on Ernest Maddock’s DSUs were paid in kind as additional DSUs rather than in cash. According to the filing, he elected to receive dividends on DSUs in the form of 2 extra DSUs, which are settled one-for-one in common stock upon ending board service.