Company: TDY
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001193125-25-042748
Chunk: 64

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 64
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 and Analysis (continued) The percentages referred to above are then adjusted to reflect the extent to which actual performance is greater or less than the target. If actual performance is less than threshold, the component is given a weighting of 0%. Adjusted income before taxes serves as an absolute threshold for the entire Performance Plan.

|           |     | Goal as Percent of Target |     |            |     |                 |     |            |     |        |     |   |
|           |     | Three-year                
 aggregate                 
 Adjusted                  
 Income                    
 Before                    
 Taxes                     |     | Three-year 
 aggregate  
 Revenue    |     | Three-year      
 relative Total  
 Stockholder     
 Return (TSR) as 
 a percentile of 
 the S&P 500     
 Index           |     | TSR        
 Component  
 Payout at  
 Percentile |     | Payout |     |   |
| Maximum   |     | 120%                      |     | 120%       |     | 75%             |     | 200%       |     |        | 200 | % |
| Target    |     | 100%                      |     | 100%       |     | 50%             |     | 100%       |     |        | 100 | % |
| Threshold |     | 75%                       |     | 67%        |     | 25%             |     | 50%        |     |        |  15 | % |

If actual performance is less than threshold, the component is given a weighting of 0%. Adjusted income before taxes serves as an absolute threshold for the entire Performance Plan. Results between anchor points in the table above are interpolated on a linear basis. Relative TSR is determined by the Personnel and Compensation Committee based on the percentile ranking for the Performance Period of the Company’s cumulative total shareholder return (consisting of per share appreciation in Common Stock plus reinvested dividends and other distributions paid on Common Stock) among the companies (ranked by cumulative total shareholder returns consisting of per share appreciation in each company’s equity plus reinvested dividends and other distributions paid on equity) in the S&P 500 Index. The maximum award is 200% of the executive’s target Performance Plan opportunity percentage. Adjusted income before taxes includes contributions from acquisitions during the performance cycle and may be adjusted to reflect the impact of significant changes in accounting principles, discontinued operations, unusual or extraordinary corporate transactions, events or developments, and unusual tax benefits. A description of the treatment of performance awards upon