Form 4: TTM Technologies CFO Sells Shares for Tax Obligations Under Pre-Arranged 10b5-1 Plan

TTM Technologies' EVP and CFO, Daniel L. Boehle, sold 6,260 shares of common stock on June 23, 2025, at a weighted average price of $36.4027, primarily to cover tax liabilities from RSU vesting under a pre-arranged 10b5-1 plan.

Summary

• Daniel L. Boehle, the Executive Vice President and Chief Financial Officer of TTM Technologies Inc. (TTMI), reported a transaction involving the company's common stock.
• On June 23, 2025, Mr. Boehle disposed of 6,260 shares of TTM Technologies common stock.
• The sale was executed at a weighted average price of $36.4027 per share, with individual transactions ranging from $35.76 to $36.92.
• The primary purpose of this sale was to cover the tax liability incurred from the vesting of Restricted Stock Units (RSUs).
• The transaction was conducted pursuant to a Rule 10b5-1 Sales Plan, indicating it was a pre-scheduled disposition.
• Following this transaction, Daniel L. Boehle beneficially owns 54,226 shares of TTM Technologies common stock.

Sentiment

Score: 6

Explanation: The transaction is a routine sale of shares by an executive to cover tax obligations arising from the vesting of Restricted Stock Units (RSUs) and was conducted under a pre-arranged 10b5-1 plan. This is a common and expected event for executives receiving equity compensation and does not reflect a change in company fundamentals or a discretionary sale.

Positives

• The sale was conducted under a Rule 10b5-1 plan, which indicates a pre-scheduled transaction not based on new, non-public information.
• The sale was explicitly for the purpose of paying tax liability incident to the vesting of Restricted Stock Units (RSUs), which signifies that the executive's equity compensation has vested, a positive for the employee.

Future Outlook

N/A

Industry Context

N/A

Stakeholder Impact

• Shareholders: The sale represents a minor disposition of shares by an executive, which is a routine event for tax purposes and generally has a neutral impact on shareholder sentiment.
• Employees: The vesting of RSUs indicates that the company's executive compensation plans are functioning as intended, which can be a positive signal regarding employee retention and motivation.

Key Dates

Recommendation

Keywords

TTM Technologies, TTMI, Form 4, Insider Transaction, Stock Sale, Executive Compensation, RSU Vesting, 10b5-1 Plan, Daniel L. Boehle