Form 4: TTM Technologies CEO Thomas Edman Sells Shares to Cover Tax Obligations

TTM Technologies CEO Thomas Edman sold 24,011 shares of common stock on June 24, 2024, to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).

Summary

• On June 24, 2024, Thomas Edman, the President and CEO of TTM Technologies Inc., sold 24,011 shares of the company's common stock.
• The sale was executed to cover the tax liability resulting from the vesting of Restricted Stock Units (RSUs).
• The shares were sold at a weighted average price of $18.9883, with individual transactions ranging from $18.72 to $19.26.
• Following the transaction, Edman directly owns 816,795 shares of TTM Technologies Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations.

Industry Context

Insider sales are a common occurrence, especially when executives exercise stock options or RSUs. These sales are often planned in advance to comply with insider trading regulations.

Stakeholder Impact

• The sale could have a minor impact on shareholders due to the increased supply of shares, but it's unlikely to be significant given the relatively small volume.

Key Dates