Bobb George C III 4
Research Summary
AI-generated summary
Teledyne (TDY) CEO George C. Bobb III Forfeits 440 Shares
What Happened
George C. Bobb III, President, CEO and Director of Teledyne Technologies (TDY), had 440 shares disposed on January 24, 2026 related to the vesting of restricted stock awards. The filing shows two dispositions: 239 shares surrendered to the issuer and 201 shares withheld to satisfy tax withholding; both at $0.00 per share (no cash proceeds).
Key Details
- Transaction date: 2026-01-24; Form 4 filed: 2026-01-27. No late filing is indicated in the report.
- Dispositions: 239 shares (Disposition to issuer) and 201 shares (tax withholding/payment), total 440 shares, price reported $0.00; total reported proceeds $0.
- Shares owned after transaction: the filing notes 77.1134 shares held directly in the Teledyne ESPP (as of Jan 16, 2026). The report excludes 5,474 outstanding Restricted Stock Units.
- Footnotes:
- F1: Shares forfeited upon vesting under the 2023–2025 Restricted Stock Award Program.
- F2: Shares automatically withheld to satisfy tax withholding.
- F3: Clarifies direct holdings (77.1134 ESPP shares) and that 5,474 RSUs are not included.
Context
This was not an open‑market sale but routine withholding/forfeiture tied to restricted stock vesting (a cashless settlement to cover taxes). Such withholding transactions are administrative and do not necessarily indicate a change in the insider’s view of the company.