Teradyne (TER) CEO Sells 554 Shares, Retains 97.5K - Form 4 Filing
Teradyne President & CEO Gregory S. Smith filed a Form 4 reporting the sale of 554 common shares on 30 Jul 2025 at an average price of $105.73, yielding proceeds of roughly $58 k.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Teradyne President & CEO Gregory S. Smith filed a Form 4 reporting the sale of 554 common shares on 30 Jul 2025 at an average price of $105.73, yielding proceeds of roughly $58 k. The trade was executed under a Rule 10b5-1 plan adopted 4 Feb 2025, signalling it was pre-scheduled rather than opportunistic.
Following the transaction, Smith directly owns 97,546.995 shares, which already include 98.7673 shares purchased via the Employee Stock Purchase Plan on 30 Jun 2025. No derivative security activity was reported.
The sale represents about 0.6 % of his direct holdings and is immaterial relative to Teradyne’s total shares outstanding, suggesting limited market impact. No additional insider transactions or corporate events were disclosed in this filing.
Insights
TL;DR: Minor CEO sale (0.6 % of stake) under 10b5-1; neutral to stock.
The transaction involves just 554 shares, worth ≈ $58 k, compared with Smith’s post-sale holding of 97.5 k shares. Because it was executed under a pre-arranged 10b5-1 plan, the sale carries minimal informational content about management’s view of valuation. Volume is negligible relative to average daily trading and total outstanding shares, so I view the filing as routine, with no valuation-changing insight.
TL;DR: Pre-planned sale aligns with best-practice governance; no red flags.
Use of a 10b5-1 plan lowers litigation risk and signals compliance discipline. The modest size (<1 % of personal stake) indicates continued alignment of CEO interests with shareholders. There are no accompanying derivative trades or pattern of large disposals, so governance and incentive structure remain intact. Overall impact: neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 554 | $105.73 | $59K |
Footnotes (2)
- F1. The shares were sold pursuant to a sales plan adopted by the Reporting Person on February 4, 2025 and intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934.
- F2. Includes 98.7673 shares acquired under the Issuer's Employee Stock Purchase Plan on June 30, 2025.
FAQ
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What is the CEO's remaining direct ownership after the sale?
Was the sale conducted under a 10b5-1 trading plan?
Did the filing report any derivative security transactions?
AI-generated analysis. How Rhea-AI works. Not financial advice.