TDY - Jason VanWees Exercises Options Realizes $1.10M | Benzinga
Jason VanWees, Vice Chairman at Teledyne Technologies (NYSE:TDY), reported a large exercise of company stock options on December 12, according to a new SEC filing.
What Happened: VanWees, Vice Chairman at Teledyne Technologies, made a strategic move by exercising stock options for 3,700 shares of TDY as detailed in a Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission. The transaction value amounted to $1,099,677.
Teledyne Technologies shares are currently trading down by 0.0%, with a current price of $420.59 as of Wednesday morning. This brings the total value of VanWees's 3,700 shares to $1,099,677.
Delving into Teledyne Technologies's Background
Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes the largest proportion of revenue, and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.
Teledyne Technologies: A Financial Overview
Revenue ...