Smith Gregory Stephen 4

What Happened Gregory S. Smith, President & CEO and a director of Teradyne, received equity awards on February 4, 2026. The filing shows a grant of 13,380 restricted stock units (RSUs) and a derivative grant covering 11,810 shares (an option-like award), both recorded at $0. These are compensation grants to Smith, not open-market purchases or sales.

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely filing).
• Awards: 13,380 RSUs (acquired at $0) and 11,810 derivative/option-style units (acquired at $0).
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote F1: RSUs granted under the Issuer's 2006 Equity and Cash Compensation Incentive Plan; each RSU converts to one share. RSUs vest in four equal annual installments beginning Feb 4, 2027.
• Footnote F2: The derivative/option grant vests 25% per year over four years beginning Feb 4, 2027.
• These grants are recorded as awards (code A) — they are part of executive compensation, not a market purchase or sale.

Context RSUs give the recipient the right to receive shares as they vest; option-style/derivative grants vest over time before they can be exercised or converted. Because these are grants, there was no immediate cash payment or sale by the insider. Such awards are common forms of long-term executive compensation and do not by themselves signal an insider buying or selling shares in the open market.