Teledyne Technologies Approves Amended Incentive Award Plan

Details

The amended plan, which was adopted by the Board on January 20, 2026, includes several changes such as an increase in the number of shares available for issuance by 4,000,000 shares, adjustments to the share reduction ratio for full value awards, an extension of the plan's term to 2036, and an increase in the annual aggregate compensation limit for non-employee directors from $750,000 to $1,000,000. Additionally, the plan eliminates the ability to grant performance-based cash bonuses and removes certain provisions related to the repealed 'performance-based compensation' deduction limit exception under former Section 162(m) of the Internal Revenue Code. The plan also includes provisions for the acceleration of vesting upon certain events and the allocation of fractional share interests under awards.

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About Teledyne Technologies Incorporated

Teledyne Technologies Incorporated is a diversified industrial conglomerate engaged in the design and manufacture of sophisticated technological products and systems. Its operations are divided into several segments, such as digital imaging, instrumentation, aerospace and defense electronics, and engineered systems. The company's primary function is to provide advanced solutions to a variety of market sectors, including aerospace, defense, marine, and energy, as well as environmental monitoring. Teledyne is known for its highly specialized sensors, cameras, and software that facilitate data collection and analysis across these industries. Teledyne’s commitment to research and development has bolstered its reputation as an innovator, ensuring it remains at the forefront of technological advancements within the sectors it serves. The company has made significant contributions to scientific exploration, particularly in areas requiring precise measurement and imaging technology, such as deep-sea exploration and satellite imagery. Its products are crucial for industries that demand high reliability under challenging conditions, underscoring Teledyne’s market significance. The company continues to influence technological innovation and maintain a strong presence in both commercial and governmental markets globally.