Teledyne reports 2021 AIP bonuses and sets 2022-2024 equity awards for NEOs

TELEDYNE TECHNOLOGIES INC

CEO Robert Mehrabian received $1,884,600 AIP bonus for 2021; other NEOs earned $1,021,800 to $458,500.
2022 AIP targets set at 150% of base salary for CEO, 80% for CFO and Vice Chairman, 75% for General Counsel.
2022-2024 restricted stock awards: CEO at 160% of base salary; other NEOs at 45% each; performance tied to S&P 500.
CEO granted special one-time restricted stock award of 7,017 shares under same terms as program.
2022-2024 performance plan targets: 40% operating profit, 30% revenue, 30% return to shareholders; S&P 500 benchmark.

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