Teledyne (TDY) Vice Chairman Jason VanWees Exercises Options, Sells Shares

What Happened Jason VanWees, Vice Chairman of Teledyne Technologies (TDY), exercised options and executed multiple open-market sales on Feb 3, 2026. He exercised 7,500 shares of derivatives in two tranches (5,000 shares at $192.00 = $960,000; 2,500 shares at $123.38 = $308,450, total cash paid ≈ $1.27M). On the same day he sold approximately 7,500 shares in several open-market trades for a combined proceeds of about $4.73M (sales at weighted-average prices in the $630–$631 range).

Key Details

• Transaction date: 2026-02-03 (reported on Form 4 filed 2026-02-04).
• Option exercises (code M): 5,000 @ $192.00 (acquired); 2,500 @ $123.38 (acquired).
• Open-market sales (code S): total ~7,500 shares sold across multiple trades; weighted-average sale prices reported around $630.03–$631.715; combined proceeds ≈ $4,730,783.
• Some exercise/conversion lines show dispositions at $0 (derivative conversion entries) and the filer disclaims beneficial ownership of those specific items (see footnotes).
• Holdings note: Footnote F3 reports VanWees held 51,024.8366 shares directly (information as of Jan 16, 2026). Footnote F7 reports spouse holdings of 2,643.6986 shares. The Form 4 does not provide an explicit post-transaction total in the supplied notes.
• Multiple footnotes (F1–F6) state sales were executed in multiple trades and the prices shown are weighted averages; full trade-level detail is available on request to the SEC staff.

Context

• Code M indicates option exercise/conversion. Because the exercises and sales occurred the same day, this functionally resembled an exercise plus immediate sale (common for cashless or sell-to-cover patterns), but the filing shows separate exercise (with exercise price paid) and separate open-market sales.
• These filings are routine for executives exercising and monetizing equity; they are factual records of transactions and do not, by themselves, indicate a change in company outlook.