Teledyne Technologies Announces 2025 Executive Bonus Awards and 2026 Incentive Plan

Reuters01-22 05:37
Teledyne Technologies Announces 2025 Executive Bonus Awards and 2026 Incentive Plan

Teledyne Technologies Inc. has announced updates to its executive compensation program following a meeting of its Personnel and Compensation Committee. For the 2025 fiscal year, President and Chief Executive Officer George C. Bobb III will receive an Annual Incentive Plan $(AIP)$ cash bonus of $922,100. The Committee also approved 2026 AIP goals for named executive officers, with award opportunities expressed as a percentage of base salary and payouts based on the achievement of predefined financial and individual performance measures. Additionally, Executive Chairman Robert Mehrabian received approval for a one-time special retention performance-based restricted stock unit award grant of $3.3 million, subject to performance targets. The Committee also established a new three-year performance plan cycle for 2026-2028 for key employees, which ties awards to the company’s achievement of specific financial goals and relative shareholder returns.

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