Company: TDY
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001193125-25-042748
Chunk: 56

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 56
---
 of specified levels of revenue (aggregated over three years), and 30% on the achievement of specified levels of total shareholder return relative to the S&P 500 Index. The performance award is expressed as a percentage of the participant’s base salary as of the date that the award is granted. Performance Plan awards have a three-year performance period, with cash payouts, if any, made following the end of the three-year performance period. Performance-Based Restricted Stock Unit Award Program.The performance-based restricted stock unit award program provides for grants of performance-based restricted stock units, generally each calendar year, to

| 50 |     | TELEDYNE TECHNOLOGIES INCORPORATED | 2025 Proxy Statement |

Compensation Discussion and Analysis (continued) NEOs based on 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 restricted stock units are subject to both time-based and performance-based restrictions. In general, the restricted period for each award of performance-based restricted stock units extends from the date of the grant to the third anniversary of such date, with the restrictions lapsing in full on the third anniversary from the date of grant, subject to achievement of performance goals. Performance conditions compare Teledyne’s total shareholder return over the calendar three-year period relative to the S&P 500 Index. See “2024 Compensation Decisions for Named Executive Officers” beginning on page 51 for details of the 2024 long-term incentive awards granted to each of our NEOs. Peer Group Comparisons Our comparative peer group is representative of companies similar in size to us that operate in the industries in which we compete, specifically: digital imaging, instrumentation, aerospace and defense electronics and systems engineering. Such peer group is not used for the purposes of the performance graph included in the “ Highlights of 2024 Performance and Stockholder Return” section above and in our Annual Report. To provide benchmark data for those jobs not matched to positions in the peer group, data from other published survey sources was used as additional reference, including the Radford executive compensation survey. The peer group used by the Committee to provide benchmark information for 2024 pay decisions was comprised of the following companies:

| Agilent Technologies, Inc. Ametek Inc. Bruker Corporation Fortive Corporation Garmin Ltd. Howmet Aerospace Inc. IDEX Corporation Keysight Technologies, Inc. |     | Mettler-Toledo International, Inc Revvity, Inc. (f/k