MEHRABIAN ROBERT 4

What Happened
Robert Mehrabian, Executive Chairman and Director of Teledyne Technologies (TDY), received a grant of 5,633 derivative shares (recorded at $0.00) on April 22, 2026. The filing reports $0 cash paid for the award; a footnote clarifies these are options that vest in three equal annual installments beginning April 22, 2027. This is an equity award (not a sale) and is part of compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-22; Filing date: 2026-04-24 (filed within typical 2-business-day Form 4 window).
• Instrument: Award/grant recorded as 5,633 derivative shares at $0.00 (total reported value $0).
• Vesting: Options vest in three equal annual installments beginning April 22, 2027 (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant (derivative). No 10b5‑1, tax-withholding, or gift codes noted in the provided data.

Context
This was a compensation grant (derivative award) rather than a purchase or sale. Such awards typically vest over time and do not represent immediately tradable shares until vesting (and, for options, exercise). Awards are common for executives and should be viewed as part of pay/retention practices rather than a direct signal of buying or selling intent.