Form 4: TTM Technologies CEO Thomas Edman Receives Stock Grant

TTM Technologies CEO Thomas Edman received a grant of 45,569 restricted stock units on June 21, 2024.

Summary

• Thomas T. Edman, the President and CEO of TTM Technologies Inc., reported a transaction on June 21, 2024.
• He acquired 45,569 shares of common stock through a grant of restricted stock units.
• The price per share for the grant was $0.000.
• Following the transaction, Edman beneficially owns 840,806 shares of TTM Technologies Inc.
• The restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date, with stock delivery within 30 days of June 22 of each year.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests.

Positives

• The grant of restricted stock units to the CEO aligns his interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CEO.

Future Outlook

The restricted stock units will vest over three years, suggesting a focus on long-term performance and retention of the CEO.

Industry Context

Stock grants are a common form of executive compensation in the technology industry, aligning management's interests with shareholder value.

Stakeholder Impact

• Shareholders may view the stock grant positively as it incentivizes the CEO to improve company performance.
• Employees may see the grant as a sign of confidence in the company's future.

Key Dates