Company: TDY
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054478
Chunk: 63

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 63
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 Jason VanWees        |     |                        |     | $  575,000 |     |                      |     | 3,362 |     |              |     | 100% |     |             | $ |   800,000 |

The Committee determines the size of awards for NEOs by taking into account recommendations from our Chief Executive Officer and from our Executive Chairman (other than with respect to their own awards). Awards for Dr. Roks and Dr. Mehrabian were determined at the sole discretion of the Committee. For 2024, the Committee used the employment agreement for Dr. Mehrabian (described below) as a guideline in determining the size of his stock option awards. In determining the fair value target for the options awarded to the NEOs in 2024, the Committee used guidelines for senior management that it reviews and approves annually, and which are based in part on historical awards and subject to adjustment for promotions and enhanced responsibilities. In addition, the Committee set each NEO’s award opportunity percentage to provide an equal value mix among the three components of Teledyne’s long-term compensation programs (stock options, cash-based performance plan, and performance-based restricted stock units), with each component representing 1/3 of the value of such executive’s target total long-term compensation. Performance Plan Performance Plan awards are intended to reward executives to the extent we achieve specific pre-establishedfinancial performance goals and provide a greater long-term return to stockholders relative to a broader market index. Awards are paid in cash to the participants as soon as practicable after the end of the performance cycle. The 2024-2026 Performance Plan awards, which were issued in January 2024, were based on the achievement of the following objectives over the three-year performance period:

| Award Component               |     | Weighting |
| Adjusted income before taxes* |     | 40%       |
| Revenue                       |     | 30%       |
| Total stockholder return **   |     | 30%       |
| Total                         |     | 100%      |

| * | For purposes of determining adjusted income before taxes for the Performance Plan, we adjust the corresponding GAAP amounts for certain one-time events and tax items. |

| ** | For the 2024-2026 performance cycle, the S&P 500 Index is the benchmark for the total shareholder return component. |

| TELEDYNE TECHNOLOGIES INCORPORATED | 2025 Proxy Statement |     |