Company: TDY
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054478
Chunk: 77

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 77
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 restricted stock awards assuming the highest level of performance conditions is achieved, as calculated in accordance with FASB ASC Topic 718, is the same as the probable outcome on the date of grant. |

| (2) | Represents the aggregate fair value on the date of grant of the NEO’s option grants as calculated in accordance with FASB ASC Topic 718. For a discussion of the assumptions considered in the valuation, please see Note 11 (Stockholders’ Equity) to the financial statements in our Annual Report on Form 10-K. |

| (3) | For 2024, consists of (i) the Annual Incentive Plan awards for 2024 performance, payment of which was approved by the Personnel and Compensation Committee in January 2025 and paid in February 2025, plus (ii) cash Performance Plan awards for the 2022-2024 performance period, payment of which was approved by the Personnel and Compensation Committee in January 2025 and paid in February 2025. |

| The amounts of the Annual Incentive Plan awards for 2024 for each of the named executives were as follows: Dr. Roks, $769,800; Mr. Blackwood, $317,300; Dr. Mehrabian, $1,176,100; Mr. Bobb, $584,200 and Mr. VanWees, $438,600. The amounts of the 2022-2024 Performance Plan for each of the named executives were as follows: Dr. Roks, $231,990; Mr. Blackwood, $126,540; Dr. Mehrabian, $1,237,280; Mr. Bobb, $155,012; and Mr. VanWees, $169,247. |

| TELEDYNE TECHNOLOGIES INCORPORATED | 2025 Proxy Statement |     | 67 |

Summary Compensation Table (continued)

| (4) | For 2024, represents the aggregate change in the actuarial present value of the named executive’s accumulated benefit under the Teledyne Technologies Incorporated Pension Plan, the Teledyne Technologies Pension Equalization/Benefit Restoration Plan and, in the case of Dr. Mehrabian, the supplemental pension arrangement contained in his employment agreement. In computing these amounts, we used the same assumptions as were used to compute the annual accruals for possible future payments under our pension plans for our 2024 financial statements. |

| (5) | Represents