Teradyne finalizes retirement terms for GC Charles Gray; unvested equity to continue vesting through Feb 2, 2027

TERADYNE, INC

Charles J. Gray retires as VP & General Counsel effective Feb 2, 2024; agreement signed Jan 25, 2024.
Unvested time-based RSUs and stock options continue vesting through three-year Non-Competition Period (Feb 2, 2027).
Gray eligible for 2023 variable comp and profit-sharing; bound by non-compete and non-solicitation through Feb 2027.
Vested options exercisable for full term (up to 7 years from grant); performance-based RSUs vest per award terms.
Unvested equity accelerates on change in control or death during non-compete period.

item 5.02 item 9.01

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Departed

Charles J. Gray

Vice President and General Counsel

TER · TERADYNE, INC

Effective: 2024-02-02
Filed: January 29, 2024, 6:59 PM ET

As previously announced in the Original 8-K, on November 14, 2023 Mr. Gray notified the Company of his intent to retire as Vice President and General Counsel of the Company effective February 2, 2024 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles J. Gray retired as Vice President and General Counsel at TERADYNE, INC.

Action: retired
Role: Vice President and General Counsel

Exact text from the filing

As previously announced in the Original 8-K, on November 14, 2023 Mr. Gray notified the Company of his intent to retire as Vice President and General Counsel of the Company effective February 2, 2024 (the “Effective Date”).

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TERADYNE, INC filing history →

Source: SEC EDGAR

accession 0001193125-24-018115

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