Company: TDY
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001193125-25-042748
Chunk: 60

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 60
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 | 91.8%                      |
| Adjusted revenue (in millions):             |     |        | $6,034.9 |     |            $5,718.9 |     | 94.8%                      |
| MWC                                         |     |        |    24.7% |     |               27.1% |     | 94.5%                      |

2024 AIP Individual Objectives For 2024, aggregate individual performance objectives consisted of multiple goals for each NEO, weighted in terms of importance. Some of the goals are corporate-level goals shared by all NEOs and some goals are specific to individual executives. The goals are qualitative and quantitative in nature. Corporate-level goals included continued implementation of our three-year strategic plan and the achievement of specific revenue, earnings per share targets and managed working capital targets set forth in our business plan. Individual-specific goals for 2024 included executive-specific goals related to continued execution of enterprise-wide operational effectiveness programs to improve operating margins, acquisition integration, achieving specified targets for cost reductions, warranty and rework costs, investor outreach, safety-related initiatives, strategic sourcing initiatives, continued debt reduction, reduction in administrative and structural complexity, reviewing compliance functions to ensure adequate staffing, training, policies and processes are in place to comply with laws, including global trade compliance laws, ensuring effective internal control procedures, improving data security, successfully implementing and consolidating financial planning systems and succession planning. In 2024, achievement of no specific individual performance goal for NEOs accounted for more than 10% of a named executive’s actual bonus. The Committee evaluates the achievement of these individual performance goals holistically.

| • |     | The Committee determined that Dr. Roks achieved 100% of his individual performance objectives, based on his successful effort to improve growth at the Teledyne FLIR Defense business, his efforts to consolidate business unit leadership, his support for cross-Teledyne collaboration activities, his leadership development activities, and his support for compliance initiatives, among other factors; and |

| • |     | The Committee determined that Dr. Mehrabian achieved 100% of his individual performance objectives, based on his leadership efforts with respect to Teledyne’s capital allocation and margin expansion initiatives, and his active role in leadership development and succession planning, among other factors. |

Based on recommendations by Dr. Mehrabian and Dr. Roks, the Committee determined that:

| • |     | Mr. Bobb achieved 200% of his individual performance objectives, based on