Company: TDY
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001193125-25-042748
Chunk: 65

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 65
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. The Committee determined that the applicable performance goals were achieved at 70.3% of target. Pursuant to SEC guidance, the cash awarded in the Performance Plan is included in the Summary Compensation Table in the year in which the performance criteria are met. For the 2022-2024 performance cycle, the entire cash portion is therefore included in the Summary Compensation Table for 2024 under the Non-Equity IncentivePlan Compensation column. The 2022-2024 performance period had the following target performance goals and results:

| Performance Goal             |     | Target                                                                                                                                                     |     | Actual Results |     |                   |
| Adjusted Income before taxes |     | Aggregate of $3,047.5 million for fiscal years 2022-2024 (adjusted for interest and non-GAAP items related to the FLIR acquisition, and certain tax items) |     |                |     | $2,851.5 million  |
| Revenue                      |     | Aggregate of $17,871.5 million for fiscal years 2022-2024                                                                                                  |     |                |     | $16,764.2 million |
| Return to stockholders       |     | Return on Teledyne stock relative to the return of the S&P 500 Index measured over three years                                                             |     |                |     | 81.8%             |

Performance-Based Restricted Stock Unit Award Program The Company grants awards of performance-based restricted stock units (RSUs), generally each calendar year, to key employees (including NEOs). These awards are valued at an aggregate fair market value equal to a percentage of each recipient’s annual base salary as of the date of the grant, unless otherwise determined by the Committee. The RSUs are subject to both time-based and performance-based restrictions. In general, the performance period for each award of performance-based RSUs extends from the date of the grant to the third anniversary of such date, with the shares issued on the third anniversary from the date of grant, subject to achievement of performance goals. Performance conditions compare Teledyne’s total stockholder return to stockholders over the three-year period relative to the S&P 500 Index.

| TELEDYNE TECHNOLOGIES INCORPORATED | 2025 Proxy Statement |     | 59 |

Compensation Discussion and Analysis (continued) 2024 Performance-Based Restricted Stock Grants The following table shows the percent of base salary used to determine the performance-based RSUs granted to our NEOs in 2024 and the