Belak Cynthia Y 4
Research Summary
AI-generated summary
Teledyne (TDY) SVP Cynthia Belak Forfeits and Withholds 249 Shares
What Happened
- Cynthia Y. Belak, Senior Vice President and Controller of Teledyne Technologies (TDY), had 131 shares forfeited upon vesting and had 118 shares automatically withheld to satisfy tax withholding, for a total disposition of 249 shares. Both transactions are reported at $0.00 per share (no cash proceeds).
- These actions are related to the vesting/settlement of restricted stock awards and tax withholding, not an open-market sale.
Key Details
- Transaction date: 2026-01-24; Form 4 filed: 2026-01-27 (appears timely).
- Transactions reported:
- Disposition to issuer (code D): 131 shares @ $0.00 — forfeited upon vesting (F1).
- Payment of exercise price or tax liability (code F): 118 shares @ $0.00 — shares withheld for taxes (F2).
- Holdings reported after the transactions: 4,641.7034 shares comprised of 882.1460 equivalent shares in the Teledyne 401(k) Plan and 3,759.5574 shares held indirectly by the Belak Family Trust (F3). This total does not include 1,766 Restricted Stock Units still outstanding.
- Footnotes: F1 = shares forfeited upon vesting of the 2023–2025 Restricted Stock Award Program; F2 = shares automatically withheld for tax withholding; F3 = details on direct/indirect holdings.
Context
- These are routine equity-compensation actions (forfeiture/withholding) rather than purchases or market sales; they typically reflect plan mechanics (vesting and tax withholding) rather than a trading signal.