Company: TDY
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054478
Chunk: 57

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 57
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 Inc. (f/k/a PerkinElmer, Inc.) Teradyne Inc. TransDigm Group Incorporated Trimble, Inc. Waters Corporation Xylem, Inc. Zebra Technology Corporation |

The Committee reviews the peer group on an annual basis, with assistance from Exequity. At the time our peer group was last reviewed by the Committee in July 2024, our peer group contained companies having median revenues (trailing twelve months) and median market capitalizations of $4.8 billion and $25.2 billion, respectively, compared with Teledyne’s revenues (trailing twelve months) and market capitalization of $5.6 billion and $18.8 billion, respectively. In assessing executive compensation, the Committee also reviews third party survey data collected from a broader industry group consisting of companies similar in size to understand what an executive with comparable responsibility to a Teledyne executive would earn in the broader industry. The companies in the general industry group have annual revenues of between $3.0 billion and $10 billion and the general industry group excludes financial organizations. 2024 Compensation Decisions for Named Executive Officers Our compensation program is designed to provide competitive levels of pay opportunity and align NEO pay with internal performance objectives and stockholder value creation, while motivating and retaining talent. In October of each year the Committee, with assistance from Exequity, reviews and compares each NEO’s pay to various market data points for that NEO’s position. The Committee is guided by market benchmark information in setting compensation levels and determining the mix of cash and non-cashcompensation. It typically aims to set pay at the 50th percentile, but this positioning may vary when appropriate based on an executive’s experience, performance, tenure, criticality of role, and variance from standard benchmarks. The Committee will consider the amount of prior salary increases, AIP awards, and long-term compensation awards as factors in determining compensation for the current period.

| TELEDYNE TECHNOLOGIES INCORPORATED | 2025 Proxy Statement |     | 51 |

Compensation Discussion and Analysis (continued) Competitive Position of 2024 Compensation The table below shows the competitive position of compensation in 2024 for each of our NEOs. It reflects targeted total compensation in terms of percentage deviation from the peer group (where applicable) and general industry median for each of our NEOs as presented to the Committee in October 2024. For purposes of this review, the Committee considered an executive’s total targeted annual compensation to be the sum