Company: TDY
Filing Date: 2025-12-18
Form Type: 8-K
Source: 0001094285-25-000145
Chunk: 2

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-12-18
Form: 8-K
Item: Item 5.02
Chunk 2
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 under the Non-Qualified Pension Benefit in a single lump sum payment within sixty (60) days following the date of Dr. Mehrabian’s death or disability. In addition, Dr. Mehrabian may request a payment under the Non-Qualified Pension Benefit in the event of an unforeseeable emergency as such term is defined under Section 409A of the Internal Revenue Code.

• Post-Retirement Medical Coverage:  As was also provided in the Eighth Employment Agreement, commencing on Dr. Mehrabian’s separation from service (for any reason) and continuing for the longer to live of Dr. Mehrabian and his spouse, Dr. Mehrabian and his spouse shall be deemed participants in Teledyne’s medical benefit plan offered to all employees of Teledyne and be deemed to be eligible to receive the benefits under the medical plan. Dr. Mehrabian shall be charged for such deemed participation at a rate equal to the monthly rate the medical plan charges former participants and spouses eligible for continuation coverage under COBRA, plus the rate payable by the employer, as each such COBRA rate is adjusted from time to time.

A copy of the Ninth Employment Agreement is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

(ii) The Personnel and Compensation Committee approved the following changes to Mr. Bobb's compensation:

• Base Salary: Effective January 1, 2026, Mr. Bobb's annual base salary will be $1,000,000.

• AIP: Starting in 2026, Mr. Bobb will participate in Teledyne's AIP with a target opportunity of 130% of base salary.

• Performance Plan: Starting in 2026, Mr. Bobb will participate at a target opportunity of 140% of base salary.

• Restricted Stock:  Starting in 2026, Mr. Bobb shall participate in the performance-based restricted stock award program with annual grants equal to at least 140% of base salary as of the date of the grant subject to meeting targets set forth in the restricted stock award.

• Stock Options:  Starting in 2026, Mr. Bobb will be eligible to receive a stock option grant having a fair value as of the grant date equal to 140% of base salary.

• Employee Benefits: Effective January 1, 2026, Mr. Bobb will be eligible to receive the provision of risk-based, business related and personal security