Form 4: TTM Technologies CFO Sells Shares for Tax Obligation

TTM Technologies' EVP and CFO, Daniel L. Boehle, sold 9,429 shares of common stock to cover tax liabilities from vested Performance RSUs.

Summary

• Daniel L. Boehle, Executive Vice President and Chief Financial Officer of TTM Technologies Inc. (TTMI), reported a transaction on February 13, 2026.
• Boehle disposed of 9,429 shares of TTM Technologies common stock at a price of $93.1158 per share.
• This sale was conducted to satisfy the tax liability incident to the vesting of Performance Restricted Stock Units (RSUs).
• Following this transaction, Mr. Boehle directly beneficially owns 79,263 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While it's an insider sale, it's explicitly for tax purposes related to RSU vesting, which implies performance targets were met, a positive for the company's operational achievements.

Positives

• The transaction indicates the vesting of Performance RSUs, which typically suggests that performance targets set by the company were met, a positive for the company and its executives.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales for tax purposes, such as those related to RSU vesting, are common and typically do not signal a change in management's outlook on the company's prospects. This is a routine compensation-related event within the industry.

Comparison to Industry Standards

• This type of transaction is standard practice across industries for executives receiving equity compensation.
• It aligns with typical executive compensation structures where Restricted Stock Units (RSUs) vest over time, and a portion is sold to cover statutory tax obligations.
• No specific comparable companies or projects are relevant for this routine tax-related sale, as it's a universal compensation mechanism.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related sale, not indicative of a change in company fundamentals or executive confidence.
• Employees: No direct impact on the broader employee base.

Key Dates

Recommendation

This Form 4 filing details a routine insider sale by the EVP and CFO to cover tax obligations arising from vested Performance RSUs. Such transactions are common and typically do not reflect a change in the executive's confidence in the company's future or its operational performance. Therefore, it does not provide new information that would warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.

Keywords

TTM Technologies, TTMI, Form 4, Insider Trading, Executive Compensation, RSU Vesting, Stock Sale, Daniel L. Boehle, CFO