Form 4: TTM Technologies Chief Accounting Officer Granted Restricted Stock Units

Elizabeth Romo, Chief Accounting Officer of TTM Technologies Inc., was granted 5,893 restricted stock units, increasing her beneficial ownership to 12,692 shares.

Summary

• Elizabeth Romo, the Chief Accounting Officer of TTM Technologies Inc. (TTMI), was granted 5,893 restricted stock units (RSUs) on June 24, 2025.
• Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock.
• The granted RSUs will vest in three equal installments: one-third on the first, second, and third anniversaries of the grant date (June 24, 2025).
• The stock underlying the vested units will be delivered on or within 30 days of June 24 of each vesting year.
• Following this transaction, Ms. Romo's total beneficial ownership of TTM Technologies common stock stands at 12,692 shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is a positive sign of management alignment with shareholder interests and a standard practice for executive retention and incentive. It does not, however, indicate significant operational or financial news that would dramatically alter the company's outlook.

Positives

• The grant of restricted stock units to a key executive like the Chief Accounting Officer aligns management's long-term interests with those of shareholders, as the value of the grant is directly tied to the company's stock performance.
• Increased beneficial ownership by a senior officer can signal confidence in the company's future prospects and commitment to its long-term success.

Negatives

• No direct negatives are apparent from this specific filing, which details a standard equity compensation grant.

Risks

• This Form 4 filing primarily reports an insider transaction and does not detail specific company risks or operational challenges.

Future Outlook

The restricted stock units granted to the Chief Accounting Officer are scheduled to vest one-third annually on the first, second, and third anniversaries of the June 24, 2025 grant date, with stock delivery occurring within 30 days of each vesting date. This structure incentivizes long-term performance.

Management Comments

• No direct quotes or paraphrased statements from company management are provided in this Form 4 filing, as it is a transactional report.

Industry Context

The grant of restricted stock units to a senior executive is a common and widely accepted practice in the technology and manufacturing sectors. This form of equity compensation is a standard tool used by companies to attract, retain, and incentivize key talent by aligning their long-term financial interests with the company's performance and shareholder value creation.

Comparison to Industry Standards

• This Form 4 filing reports an individual equity grant and does not provide sufficient data for direct comparison to specific industry benchmarks, competitor compensation structures, or project-specific results. However, the use of restricted stock units as executive compensation is a standard practice across many publicly traded companies.

Management Changes

Corporate Governance

Legal Proceedings

• No legal proceedings or regulatory matters are mentioned in this filing.

Related Party Transactions

• This document discloses an equity compensation grant to a Chief Accounting Officer, which is a standard transaction between the company and a related party (executive) as part of their employment terms.

Stakeholder Impact

• Shareholders: The grant of RSUs to a senior executive can be viewed positively as it aligns the executive's financial incentives with the long-term performance of the company's stock, potentially benefiting shareholders.
• Employees: No direct impact on the broader employee base is indicated by this executive compensation filing.
• Management: The grant serves as an incentive and retention tool for the Chief Accounting Officer, tying her compensation to the company's future stock performance.

Next Steps

• Vesting of one-third of the restricted stock units on June 24, 2026 (first anniversary of grant date).
• Vesting of one-third of the restricted stock units on June 24, 2027 (second anniversary of grant date).
• Vesting of one-third of the restricted stock units on June 24, 2028 (third anniversary of grant date).
• Delivery of common stock within 30 days following each vesting date.

Key Dates

Keywords

TTM Technologies, TTMI, SEC Form 4, Insider Transaction, Restricted Stock Units, Equity Compensation, Chief Accounting Officer, Elizabeth Romo