MADDOCK ERNEST E 4

What Happened

• Ernest E. Maddock, a Teradyne director, was credited with 2 shares as deferred stock units (DSUs) on 2026-03-13. The reported transaction is an "other acquisition or disposition" (code J) showing 2 shares acquired at $0.00 (no cash paid).
• The filing notes these DSUs represent dividend payments elected to be taken in additional DSUs rather than cash; the acquisition is exempt under Exchange Act Rule 16b-3(d).

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17.
• Reported transaction: 2 DSUs acquired, price $0.00 (dividend reinvestment).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: DSUs were issued per the director's election to receive dividends as additional DSUs; DSUs settle one-for-one into common stock generally within 90 days after the director leaves the board.
• Filing timeliness: Form 4 was filed on 2026-03-17 (the filing does not indicate a late submission).

Context

• DSUs are a form of deferred compensation for non-employee directors and reflect dividend reinvestment, not an open-market purchase or sale. Such small, routine DSU credits typically do not indicate a change in trading sentiment by the insider.
• The acquisition is exempt under Rule 16b-3(d), meaning it’s a standard corporate administration of director compensation rather than a reportable market transaction.