Disclosed in a recent SEC filing on December 11, Mehrabian, Chairman at Teledyne Technologies (NYSE:TDY), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Mehrabian, Chairman at Teledyne Technologies, made a strategic move by exercising stock options for 50,000 shares of TDY as detailed in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission. The transaction value amounted to $16,949,500.
The Tuesday morning market activity shows Teledyne Technologies shares down by 0.0%, trading at $417.39. This implies a total value of $16,949,500 for Mehrabian's 50,000 shares.
About Teledyne Technologies
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: Financial Performance Dissected
Revenue Growth: Teledyne Technologies's revenue ...