Teledyne: Options Exercise Activity Initiated By Melanie S. Cibik At Teledyne Technologies Worth $0

A significant insider transaction involving the exercise of company stock options was reported on April 24, by Melanie S. Cibik, EVP at Teledyne Technologies (NYSE:TDY), as per the latest SEC filing.What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Cibik, EVP at Teledyne Technologies, a company in the Information Technology sector, just exercised stock options worth 0 shares of TDY stock with an exercise price of $0.0.The latest update on Friday morning shows Teledyne Technologies shares down by 0.86%, trading at $455.17. At this price, Cibik's 0 shares are worth $0.Unveiling the Story Behind Teledyne TechnologiesTeledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes majority of proportion of revenue and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.Financial Milestones: Teledyne Technologies's JourneyDecline in Revenue: Over the 3 months period, ...Full story available on Benzinga.com