Teledyne Technologies Incorporated
Stock Ownership Guidelines – Effective January 1, 2024
(as amended on December 19, 2023)

While Teledyne Technologies Incorporated has encouraged directors and key
executives to own shares of Teledyne common stock, through compensation plans andotherwise, upon recommendation of the Nominating and Governance Committee, theBoard of Directors is adopting the following stock ownership guidelines:
Non-Employee Directors:
Each non-employee director should own shares of Teledyne common stock equal
in market value to at least five times the amount of the Company’s annual retainer. By
way of example, since the current annual retainer is $110,000, the target ownership level
for a non-employee director would be $550,000. Directors are expected to attain theminimum level of target ownership by the end of calendar year 2021; until the end ofcalendar year 2021, each non-employee director should own shares of Teledyne common
stock equal in market value to at least three times the amount of the Company’s annualretainer. A new director is expected to attain the minimum level of target ownershipwithin a period of five years from the date he or she is first becomes a director of theCompany. Once achieved, the guideline amount must be maintained for so long as thenon-employee director retains his seat on the Board.
Key Executives:
Each key executive should own shares of Teledyne common stock equal inmarket value to the amount set forth below. Such amount is dependent upon the key
executive’s position with the Company and will also adjust with any change to such key
executive’s base salary.
Position
Executive Chairman,
Chief Executive Officer andPresident and Chief Operating Officer
Senior Vice Presidents or higherPresidents of CBUs (annual revenue > $100 m)
or Segment Presidents
Other key executives

Value of Shares Owned
5 x base salary
3 x base salary
2 x base salary
1 x base salary

A key executive is expected to attain the minimum level of target ownership within aperiod of five years from the date of hire or promotion and is expected to own
continuously sufficient shares to meet the guideline once attained.

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Definitions:The term “ownership” includes: (a) shares of Teledyne stock held directly by thekey executive; (b) shares of Teledyne stock held by a family member of a key executive
living in the same household; (c) shares of Teledyne stock held jointly with a spouse orother family member; (d) shares of Teledyne stock held by a trust in which the key
executive is a grantor or a beneficiary; (e) shares of Teledyne restricted stock (orrestricted stock units) held directly by a key executive, whether or not yet vested; (f)shares of Teledyne common stock held through the Teledyne Technologies Incorporated
Employee Stock Purchase Plan (a/k/a The Stock Advantage Plan) or the Teledyne
Technologies Incorporated 401(k) Plan; and (g) vested options to purchase stock having
an exercise price less than the most recent closing price of a share of Teledyne stock on
the New York Stock Exchange. The term "ownership" does not include: (i) unvested
options to purchase stock; (ii) vested options to purchase stock having an exercise pricegreater than the most recent closing price of a share of Teledyne stock on the New York
Stock Exchange; or (iii) shares that are not yet issued, paid or earned under thePerformance Share Plans.
The term “key executive” includes any key officer or employee participating in
the Teledyne Technologies Incorporated Restricted Stock/Restricted Stock Unit Award
Programs. A person ceases to be a key executive upon retirement or other termination ofemployment.
Exceptions:
The Company recognizes that there may be instances when these guidelines
would place a severe hardship on a non-employee director or a key executive. The
Nominating and Governance Committee will make the final decision as to developing analternative stock ownership guideline for such non-employee director or key executivethat reflects the intention of these guidelines and the personal circumstances of such nonemployee director or key executive.
Monitoring:
At least annually, the Nominating and Governance Committee will review where
the stock ownership guidelines are met. While there are no penalties for failure to meet
specified ownership levels, (a) with respect to non-employee directors, the Nominatingand Governance Committee will consider whether a non-employee director has met suchguideline in making a determination to recommend that such director be re-nominated forelection as a director; and (b) with respect to key executives, the Personnel andCompensation Committee will consider whether a key executive has met the guideline
level in deciding whether or not to make additional equity grants to such key executive.

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Amendments:
The Nominating and Governance Committee reserves the right to amend or
modify these guidelines at any time.

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