Company: TDY
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001094285-25-000053
Chunk: 328

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 328
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492 $427.51 3,904 $451.13 Vested(15,698)$409.41 (17,522)$200.00 (1,440)$450.27 Forfeited/Canceled(5,653)$399.20 (398)$388.15 — $— Balance, January 1, 2023117,472 $372.51 39,401 $386.76 9,522 $345.57 Granted2,316 $418.20 14,139 $361.08 4,190 $404.92 Vested(39,705)$376.99 (9,106)$360.33 (1,880)$451.16 Forfeited/Canceled(10,644)$369.60 (2,616)$346.08 — $— Balance, December 31, 202369,439 $371.90 41,818 $357.43 11,832 $349.81 Granted70,341 $441.86 19,103 $397.78 4,680 $362.50 Vested(38,198)$378.01 (7,692)$334.92 (2,095)$404.92 Forfeited/Canceled(7,986)$399.90 (898)$334.92 — $— Balance, December 29, 202493,596 $419.76 52,331 $375.86 14,417 $345.92 Employee Time-based Restricted Stock UnitsThe Company recorded $15.6 million, $14.2 million and $7.8 million in compensation expense related to restricted stock units to employees for fiscal years 2024, 2023 and 2022 respectively, which is primarily recorded in the Digital Imaging segment.  At December 29, 2024, there was $28.1 million of total estimated unrecognized compensation cost related to non-vested awards which is expected to be recognized over a weighted-average period of approximately 1.8 years.  This amount can be impacted by employee retirements or terminations.Employee Performance-based Restricted Stock AwardsUnder Teledyne’s restricted stock award program key officers and executives receive a grant of stock equal to a specified percentage of the participant’s annual base salary at the date of