MEHRABIAN ROBERT 4

What Happened

• Robert Mehrabian, Executive Chairman and Director of Teledyne Technologies (TDY), was granted two restricted stock unit (RSU) awards on 2026-01-20: 2,690 RSUs and 6,207 RSUs (total 8,897 RSUs). The awards are reported as acquisitions (code A) with a $0.00 per-share purchase price because they are derivative awards that will convert to shares upon vesting.
• The awards were valued using a price of $531.67 per share (footnote F2), making the combined grant value approximately $4.73 million. One award is part of the 2026–2028 Performance-Based Restricted Unit Award Program (F1) and the other is a special one-time RSU award with the same terms (F3). Vested shares will be delivered following each vesting date.

Key Details

• Transaction date: 2026-01-20; Form 4 filed: 2026-01-21 (timely).
• Awards: 2,690 RSUs + 6,207 RSUs = 8,897 RSUs; price used to calculate units: $531.67 (F2); reported acquisition price: $0.00 (derivative award).
• Approximate grant value: ~$4.73 million (8,897 × $531.67).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 = performance-based RSUs (2026–2028); F3 = special one-time RSU with same terms; vested shares delivered after vesting.
• Filing timeliness: filed the next day — not indicated as late.

Context

• These are restricted stock units (derivative awards) that vest subject to time and/or performance conditions; they are not open-market purchases or immediate sales. They do not represent an immediate change in market holdings until vesting/delivery occurs.
• Grants like this are common compensation for executives; they provide future equity contingent on vesting terms rather than indicating an immediate bullish or bearish trading signal.