Company: TDY
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0001094285-25-000140
Chunk: 94

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 first nine months of 2025 is as follows:Third QuarterNine Months SharesWeighted Average Exercise PriceSharesWeighted Average Exercise PriceBeginning balance1,034,778$299.25 1,135,749$278.34 Granted (a)4,660 $555.95 67,722 $467.63 Exercised(64,196)$202.86 (224,869)$210.09 Canceled(15,716)$418.86 (19,076)$414.50 Ending balance959,526$304.99 959,526$304.99 Exercisable at end of period827,254$284.51 827,254 $284.51 (a) In the second quarter of 2025, the Company granted stock options with a grant date fair value of $179.30 per share.Restricted stock activity for the third quarter and first nine months of 2025 is as follows:Third QuarterNine MonthsSharesWeighted Average Fair Value per ShareSharesWeighted Average Fair Value per ShareBeginning balance205,871$424.63 160,344 $398.79 Granted—$— 94,477 $456.89 Vested(337)$413.17 (41,043)$386.60 Forfeited/canceled(9,076)$406.79 (17,320)$390.21 Ending balance196,458$419.86 196,458 $419.86 

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Note 11. Earnings Per Share

The weighted average number of common shares used in the calculation of basic and diluted earnings per share consisted of the following (in millions): Third QuarterNine Months2025202420252024Weighted average basic common shares outstanding46.9 46.7 46.8 47.1 Effect of dilutive securities (primarily stock options)0.6 0.6 0.6 0.6 Weighted average diluted common shares outstanding47.5 47.3 47.4 47.7 For the third quarter and first nine months of 2024, the Company excluded approximately 0.2 million of stock options in the computation of diluted earnings per share because the effect of their inclusion would have been anti-dilutive.  For the third quarter and first nine months of 2025, the amount of excluded stock options in the computation of diluted earnings per