Teledyne Technologies Inc: vice chairman to retire, $170,000 payment

What happened Teledyne Technologies Inc announced that Jason VanWees was retiring as vice chairman effective Feb 1, 2027. On Sep 25, 2026 Teledyne and Mr. VanWees entered into a Separation, Cooperation and General Release Agreement (the "Separation Agreement") that becomes effective on Oct 3, 2026 following a 7-day revocation period.

Key details

• Mr. VanWees will serve as strategic advisor to the executive chairman through May 3, 2027 (the "Separation Date").
• He will provide reasonable assistance and cooperation through Dec 31, 2027 on matters arising from his employment.
• While serving as strategic advisor through the Separation Date he will receive his regular base salary and may take remaining accrued vacation.
• Teledyne will pay Mr. VanWees a lump sum of $170,000, less standard deductions and withholding, within 30 days following the Separation Date. The Separation Agreement includes a general release, limited non-solicitation and non-disparagement provisions, non-disclosure terms and other customary conditions.

Why it may matter This disclosure was made under Item 5.02 (Departure of directors or certain officers; election of directors; compensatory arrangements of certain officers), which covers officer departures and related agreements and payments. The filing does not show why the insider traded or why the company acted.