SMITH MICHAEL T 4
4 · TELEDYNE TECHNOLOGIES INC · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Teledyne (TDY) Director Michael T. Smith Receives Award
What Happened
Michael T. Smith, a director of Teledyne Technologies (TDY), received a grant of 319 restricted stock units (RSUs) on 2026-04-22. The RSUs were issued at $0.00 (award), with a per-share price of $656.69 used to determine the unit count — implying an aggregate value of about $209,484.11. These RSUs are a grant (not a purchase or sale) and represent a contingent right to one share each that vests one year from the grant date; shares will be delivered after vesting unless Smith elected to defer delivery until he leaves Board service.
Key Details
- Transaction date: 2026-04-22 (reported 2026-04-23 — timely filing)
- Transaction type/code: Award/Grant (A); 319 RSUs granted; acquisition price reported $0.00
- Implied value: $656.69 per share × 319 units ≈ $209,484.11 (price used to determine units)
- Shares owned after transaction (per filing): 47,647 shares directly (this total includes 787 RSUs)
- Vesting: Units vest one year from the grant date; shares delivered after vesting unless deferred
- Footnotes: F1 explains RSU mechanics and deferral option; F2 notes the $656.69 price used; F3 shows total reported direct holdings
Context
This is a routine director compensation award and not an open-market purchase or sale. RSU grants compensate service and do not necessarily signal immediate insider buying or selling. For investors, grants are informative about board compensation but should not be interpreted alone as a bullish or bearish trading signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-04-22+319→ 47,647 total
Footnotes (3)
- [F1]Represents Restricted Stock Units issued to the Reporting Person under the Administrative Rules of the Amended and Restated Teledyne Technologies Incorporated 2014 Incentive Award Plan Related to Non-Employee Director Restricted Stock Unit Awards and Fees. Each Restricted Stock Unit represents a contingent right to receive one share of Teledyne Common Stock. Units vest one year from the date of grant. Shares of common stock will be delivered to the Reporting Person following the vesting date, unless the Reporting Person has made an election to defer delivery of shares until separation from Board service.
- [F2]In determining the number of units the price of $656.69 was used.
- [F3]Reporting Person holds 47,647 shares directly. Shares held directly include 787 Restricted Stock Units.