Company: TDY
Filing Date: 2025-12-18
Form Type: 8-K
Source: 0001094285-25-000145
Chunk: 1

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-12-18
Form: 8-K
Item: Item 5.02
Chunk 1
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, Dr. Mehrabian will receive a one-time special retention performance-based restricted stock award grant of $3.3 million at the same time as annual grants of restricted stock are made in 2026. This additional, one-time grant is subject to meeting targets set forth in the restricted stock award.

• Stock Options:  With respect to options granted to Dr. Mehrabian beginning in 2026 and thereafter, if any, the Ninth Employment Agreement provides that Dr. Mehrabian’s stock option grants will have a fair value as of the grant date equal to 110% of base salary. As was also provided in the Eighth Employment Agreement, the Ninth Employment Agreement provides that (i) in the event of Dr. Mehrabian’s separation of service for any reason other than death, outstanding stock options shall continue to vest and the right of Dr. Mehrabian to exercise vested stock options, when and as vested, shall continue and (ii) in the event of the death of Dr.

Mehrabian, all outstanding options shall vest in full and the right of Dr. Mehrabian’s beneficiary to exercise the stock options shall terminate upon the expiration of twelve months from the date of Dr. Mehrabian’s death; provided that in no event may such stock options be exercised after the expiration of any applicable option period.

• Employee Benefits: Dr. Mehrabian is entitled to participate in each qualified, non-qualified and supplemental employee benefit, executive benefit, fringe benefit and perquisite plan, policy or arrangement of Teledyne applicable to executive level employees. This includes the provision of risk-based, business related and personal security services, as determined to be appropriate by Teledyne's security team, based on Dr. Mehrabian's executive position and profile.

• Supplemental Pension Benefit:  As was also provided in the Eighth Employment Agreement, with respect to Dr. Mehrabian’s Non-Qualified Pension Benefit, which provides for payments supplemental to any accrued pension under Teledyne’s qualified pension plan equal to 50% of his base salary for ten years following Dr. Mehrabian’s retirement, the Mehrabian Employment Agreement provides that the base salary rates to be used for calculating the payments shall be the rates in effect for 2018 (which was $995,000). As was also provided in the Eighth Employment Agreement, the Ninth Employment Agreement further provides that Teledyne will pay to Dr. Mehrabian (or his designee in the event of death) any unpaid amounts