Vincent J. Morales
TELEDYNE TECHNOLOGIESAbout Vincent J. Morales
Vincent J. Morales, age 59, is an independent director of Teledyne Technologies (TDY) and has served on the Board since 2021. He is Senior Vice President and Chief Financial Officer of PPG Industries, Inc., having joined PPG in 1985 and progressing through finance roles; in his current role he is part of PPG’s three-person Executive Committee with direct oversight of IT and M&A organizations .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| PPG Industries, Inc. | Senior Vice President & Chief Financial Officer | March 2017–present | Executive Committee; oversight of IT and M&A |
| PPG Industries, Inc. | Various accounting/finance roles (controllership, IR, treasury, business finance) | 1985–2017 | Progressed through finance functions |
External Roles
| Organization | Capacity | Tenure | Notes |
|---|---|---|---|
| PPG Industries, Inc. | Senior Executive (CFO) | 2017–present | No other public company directorships disclosed |
Board Governance
- Committee memberships: Audit Committee (member) and Personnel & Compensation Committee (member) .
- Independence: Board determined Morales is independent under NYSE/SEC rules .
- Attendance/engagement: In 2024 the Board held six meetings; all directors attended at least 75% of aggregate Board and committee meetings; Audit Committee met six times; Personnel & Compensation met five times .
- Term and declassification: Director since 2021; class terms declassifying to annual by 2027; continuing Class I director with term expiring at the 2027 Annual Meeting .
Fixed Compensation
| Component | 2024 Amount | 2025 Changes | Notes |
|---|---|---|---|
| Annual cash retainer | $110,000 | No change disclosed for base retainer | Paid in two installments |
| Committee chair fees | Not applicable (member, not chair) | Chairs increased to $25k (Audit), $20k (Comp), $15k (Nominating) | Chair fees only for committee chairs |
| Lead Independent Director fee | Not applicable | Increased to $40k in 2025 (from $30k) | Applies to Lead Director (Michael T. Smith) |
| Meeting fees | None disclosed | — | Director compensation structured as retainer + RSUs |
Performance Compensation
| Equity Component | Grant Date | Units | Fair Value | Vesting | Notes |
|---|---|---|---|---|---|
| Annual RSU grant | April 24, 2024 | 468 RSUs | $170,000 | Vests one year from grant; or upon change in control/separation (per director plan) | Non-employee director RSUs; settled in shares upon vesting |
Performance metrics (directors): Non-employee director RSUs are time-based; no operating or TSR performance metrics are tied to director compensation .
Other Directorships & Interlocks
| Company/Institution | Role | Interlock/Overlap with TDY | Notes |
|---|---|---|---|
| None disclosed | — | — | No other public company boards disclosed for Morales |
Expertise & Qualifications
- Deep finance, accounting, investor relations, operations, cybersecurity, strategic planning, and M&A experience as CFO of a multinational public company .
- Brings corporate governance and capital markets expertise; qualified for Audit and Compensation committee service .
Equity Ownership
| Metric | Amount |
|---|---|
| Beneficial ownership (shares) | 939 shares (vested RSUs) |
| Unvested RSUs | 468 |
| Total RSUs held (incl. deferred RSUs) | 1,407 |
| Ownership % of outstanding shares | Less than 1% |
| Stock ownership guidelines | Directors must own shares equal to 5× annual director retainer ($550,000) |
| Compliance status | As of end-2024, all non-employee directors complied or had time to comply with guidelines |
| Hedging/pledging | Insider trading policy prohibits hedging/short sales/margin/pledging without prior approval; no approvals granted to directors in 2024 |
Governance Assessment
- Board effectiveness: Morales serves on two key independent committees (Audit and Compensation), aligning with his CFO background; Board maintains executive sessions led by a Lead Independent Director and has active risk oversight through Audit Committee .
- Independence and conflicts: Board reaffirmed independence in 2025; no related-party transactions involving Morales disclosed; Company has robust related-party approval policy .
- Attendance/engagement: 2024 attendance thresholds met across directors; Audit and Compensation committees met six and five times respectively, indicating active oversight cadence .
- Incentives and alignment: Director pay is balanced (cash retainer + annual RSUs); ownership guidelines at 5× retainer with compliance noted; anti-hedging/pledging and clawback policies strengthen alignment and accountability .
- Shareholder signals: 2025 Annual Meeting approved majority voting charter amendments; shareholder special-meeting right passed; say-on-pay received strong support—indicators of responsive governance and investor confidence .
- Potential red flags: None disclosed specific to Morales. Time-commitment risk is mitigated by committee independence criteria; no audit committee overboarding exception noted for Morales (policy caps audit committee memberships) . No hedging/pledging approvals and no related-party ties reduce conflict risk .