Sanjay Mehta - May 3, 2024 Form 4 Insider Report for TERADYNE, INC (TER)

Signature
/s/ Ryan E. Driscoll, Attorney-in-Fact
Stock symbol
TER
Transactions as of
May 3, 2024
Transactions value $
-$179,850
Form type
4
Date filed
5/7/2024, 12:30 PM
Previous filing
Feb 5, 2024
Next filing
Aug 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TER Common Stock Options Exercise $270K +3.75K +8.95% $72.10 45.7K May 3, 2024 Direct F1
transaction TER Common Stock Sale -$450K -3.75K -8.21% $120.06 41.9K May 3, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TER Stock Option (Right to Buy) Options Exercise $0 -3.75K -100% $0.00* 0 May 3, 2024 Common Stock 3.75K $72.10 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transactions were effected pursuant to a sales plan adopted by the Reporting Person on May 12, 2023 and intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934.
F2 This option was granted under the Issuer's 2006 Equity and Cash Compensation Incentive Plan, and became exercisable at the rate of 25% per year commencing on January 24, 2021, the first anniversary of the grant.