Company: TDY
Filing Date: 2025-06-30
Form Type: 11-K
Source: 0001094285-25-000116
Chunk: 6

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-06-30
Form: 11-K
Chunk 6
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 for each participant. Each participant may direct his or her account balance into one or more investment options offered by the Plan or a self-directed brokerage link investment option. The self-directed brokerage link investment option allows the participant to direct contributions to be invested in any investment permitted under the Plan, including mutual funds, common stock and bonds. Asset management fees charged for the administration of all funds are charged against net assets available for benefits of the respective fund.

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Teledyne Technologies Incorporated 401(k) Plan

Notes to Financial Statements (continued)</div>

#### 1. Description of the Plan (continued)

#### Vesting and Forfeitures
Participants who are eligible to accrue a benefit under the Pension Plans are 100% vested in their 401(k) Plan contributions, Company matching contributions and all earnings thereon. Participants who are not eligible to accrue a benefit under the Pension Plans will at all times have a 100% vested interest in their accounts, except for the Company Match Account and all earnings thereon which is fully vested after five years of vesting service. As part of the acquisition of FLIR Systems, Inc. (“FLIR”) in 2021, the Company match account and all earnings thereon for FLIR employees hired before July 12, 2021 follow a three-year annual vesting schedule.

When certain terminations of participation in the Plan occur, the nonvested portion of the participant’s account, as defined by the Plan, represents a forfeiture. The Plan document permits the use of forfeitures to first pay the Plan’s ordinary and necessary administrative expenses for the Plan year and then to reduce the Company’s matching contribution for the Plan year in which the forfeiture occurs or any following plan year. At December 31, 2024, forfeited nonvested accounts totaled $0.3 million. During 2024, employer contributions were reduced by $1.3 million from forfeited nonvested accounts.

#### Participant Loans
Active employees can borrow up to 50% of their vested account balances. The loan amounts are further limited to a minimum of $500 and a maximum of $50,000, and an employee can have no more than one loan outstanding at any given time. Interest rates are determined based on commercially accepted criteria, and payment schedules vary based on the type of loan. Loans may be paid in full or in part at any time. Loans are repayable over periods of up to five years (15 years for loans to purchase the participant’s primary residence