secwatch.observer — SEC 8-K summary
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Issuer:     TERADYNE, INC (TER)
CIK:        0000097210
Form:       8-K/A
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001193125-24-018115
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97210/000119312524018115/0001193125-24-018115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97210/000119312524018115/d755112d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-018115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer