SMITH MICHAEL T 4

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.