Company: TDY
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054478
Chunk: 51

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 51
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atement or in the event of a felony, willful misconduct, or breach of a fiduciary duty, or the commission of an act of fraud, embezzlement, or misappropriation. Our clawback policy covers incentive-based compensation, including time-based stock options and restricted stock units, and complies with the NYSE listing exchange rules. |     | No guaranteed variable compensation. We do not guarantee bonuses, or equity awards, outside of certain negotiated, one-time new hire situations (no such situations existed for NEOs in 2024).                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
 No upward exercise of discretion. We have not exercised discretionary upward adjustment to incentive awards for individuals who were NEOs as of the grant date of such award.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 No discounting or repricing of underwater stock options. We have never re-priced stock options.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 No short selling, hedging, or pledging of Company stock. Our insider trading policy prohibits short sales of our stock and pledging or hedging of Company stock by directors and all employees who have been granted options to purchase the Company’s Common stock or granted awards of the Company’s Common Stock in the form of restricted stock or restricted stock units, including executive officers, in each case without prior advance approval from our Executive Vice President, General Counsel, Chief Compliance Officer and Secretary and the Vice President, Associate General Counsel and Assistant Secretary (no such advance approvals were granted to directors or NEOs in 2024). 
 No excise or other tax gross-ups to executives in the event of a change in control. We do not provide executive officers with tax gross-ups related to change in control.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

Highlights of 2024 Performance and Stockholder Return 2024 Financial Performance.2024 was a record year for Teledyne: full-year sales, cash flow and non-GAAPearnings per share and operating margin were all-timerecords. Furthermore, orders exceeded sales for five consecutive quarters, and we ended the year with record backlog. Nevertheless, we failed to achieve some of our target goals for the year, and as a result Annual Incentive Plan awards were lower than in recent years. Total Stockholder Return (“TSR”) Performance.The graph below shows Teledyne’s cumulative total stockholder return (i.e., price change plus reinvestment of dividends) on our common stock for the five fiscal years ending December 29, 2024, as compared to the Standard & Poor’s 500 Composite Index