Teledyne said its Personnel and Compensation Committee approved payment of AIP cash bonuses for fiscal 2024 on January 21, 2025. Edwin Roks, Chief Executive Officer, will receive $769,800, and Robert Mehrabian, Executive Chairman, will receive $1,176,100.

1. 01

   Teledyne said its Personnel and Compensation Committee approved payment of AIP cash bonuses for fiscal 2024 on January 21, 2025. Edwin Roks, Chief Executive Officer, will receive $769,800, and Robert Mehrabian, Executive Chairman, will receive $1,176,100.

2. 02

   The company said the committee approved cash Performance Plan payments for the 2022-2024 performance period and determined that the performance goals were achieved at 70.3% of target. Robert Mehrabian will receive $1,237,280, and Edwin Roks will receive $231,990.

3. 03

   Teledyne said its AIP for 2025 ties awards to operating profit at 40%, revenue at 25%, managed working capital as a percentage of revenue at 15% and individual goals at 20%, and that bonuses of up to 200% of the target award may be paid. Target AIP opportunity as a percentage of base salary is 120% for Edwin Roks and 150% for Robert Mehrabian.

4. 04

   The company said the performance goal for its 2025-2027 restricted stock unit awards is Teledyne's three-year total shareholder return compared with the S&P 500 Index. Units do not vest if Teledyne's return is below the 25th percentile, 50% vest at the 25th percentile, and all units vest above the 50th percentile.

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