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Stock-Based Compensation | 3 Months Ended
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Mar. 29, 2026
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation Teledyne has long-term incentive plans pursuant to which it has granted non-qualified stock options, restricted stock awards and restricted stock units. The Company also has non-employee director stock compensation plans pursuant to which common stock, stock options and restricted stock units have been issued to its directors. The Company issues shares of common stock upon the exercise of stock options. The Company uses the Black–Scholes option pricing model to determine the fair value of stock options. Stock-based compensation expense was $5.6 million and $8.9 million for the first quarter of 2026 and 2025, respectively. Stock option activity for the first quarter of 2026 is as follows:
| First Quarter |  |
| Shares |  | Weighted Average Exercise Price |  |  |  |
Beginning balance | 946,782 |  | $ | 306.37 |  |  |  |  |
Exercised | (136,243) |  |  | $ | 212.41 |  |  |  |  |
Canceled | (4,432) |  |  | $ | 237.90 |  |  |  |  |
Ending balance | 806,107 |  | $ | 322.63 |  |  |  |  |
Exercisable at end of period | 730,304 |  | $ | 308.11 |  |  |  |  |
On April 22, 2026 the Company granted approximately 47,000 stock options at an exercise price of $659.69 per share and a grant date fair value of $253.85 per share. Restricted stock activity for the first quarter of 2026 is as follows:
| First Quarter |  |
| Shares |  | Weighted Average Fair Value per Share |  |  |  |
Beginning balance | 173,727 |  | $ | 434.60 |  |  |  |  |
Granted | 22,940 |  | $ | 511.31 |  |  |  |  |
Vested | (30,724) |  | $ | 420.84 |  |  |  |  |
Forfeited/canceled | (7,605) |  | $ | 416.77 |  |  |  |  |
Ending balance | 158,338 |  | $ | 449.24 |  |  |  |  |
On April 22, 2026, the Company granted approximately 52,000 time-based restricted stock units with a grant date fair value of $659.69 per share.

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