4/A: TTM Technologies Corrects RSU Grant Date for SVP Fortier

TTM Technologies filed an amended Form 4 to correct the transaction date for 5,600 restricted stock units granted to SVP Gregory S. Fortier from December 29, 2025, to January 29, 2026.

Summary

• Gregory S. Fortier, SVP, President Integrated Electronics at TTM Technologies Inc. (TTMI), was granted 5,600 restricted stock units (RSUs).
• The original Form 4, filed on February 2, 2026, mistakenly reported the transaction date as December 29, 2025.
• This Form 4/A, filed on February 3, 2026, corrects the transaction date to January 29, 2026.
• Each RSU represents the contingent right to receive one share of the Issuer's common stock.
• The restricted stock units will vest one-third on each of the first, second, and third anniversaries of the grant date (January 29, 2026).
• The stock underlying the restricted units will be delivered on or within 30 days of January 29 of each vesting year.
• The acquisition price for these RSUs was $0.0000 per unit.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is an administrative correction of a routine executive compensation event and does not introduce new material information that would significantly alter the company's financial or operational outlook.

Positives

• The grant of 5,600 restricted stock units aligns the interests of SVP Gregory S. Fortier with those of shareholders, incentivizing long-term performance.
• The prompt correction of an administrative error demonstrates transparency and adherence to regulatory reporting standards.

Negatives

• An initial administrative error in reporting the transaction date required an amendment to the Form 4.

Risks

• The value of the restricted stock units is subject to the future market price fluctuations of TTM Technologies Inc. common stock.
• The vesting of the RSUs is contingent upon continued employment and the passage of time, posing a risk of forfeiture if employment ceases before vesting.

Future Outlook

The restricted stock units are scheduled to vest in three equal annual installments on the anniversaries of January 29, 2026, with the underlying stock to be delivered within 30 days of each vesting date, indicating a future commitment to executive equity compensation.

Management Comments

• "This Form 4/A is an amendment to the Form 4 filed on February 2, 2026 solely to correct the inadvertent administrative error described in footnote 2. Other than the foregoing, no changes have been made to the original Form 4."

Industry Context

StockSavvy.ai notes that the grant of restricted stock units is a standard practice in executive compensation across various industries, including technology and manufacturing, to attract, retain, and motivate key personnel by linking their long-term incentives to company performance and shareholder value.

Comparison to Industry Standards

• The grant of restricted stock units (RSUs) as a form of executive compensation is a common practice, comparable to equity incentive programs at companies like Flex Ltd. (FLEX) or Sanmina Corporation (SANM) within the electronics manufacturing services sector.
• The vesting schedule of one-third annually over three years is a typical structure for RSU grants, aiming to provide long-term retention and performance alignment, similar to programs observed at peers in the technology hardware and equipment industry.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive incentives with shareholder interests, potentially fostering long-term value creation. The administrative correction ensures accurate public disclosure.
• Employees: The RSU grant to a senior executive reinforces the company's compensation strategy, which may influence broader employee incentive programs.

Next Steps

• One-third of the restricted stock units will vest on January 29, 2027.
• One-third of the restricted stock units will vest on January 29, 2028.
• The final one-third of the restricted stock units will vest on January 29, 2029.
• Shares underlying the vested units will be delivered on or within 30 days of each respective vesting date.

Key Dates

Recommendation

This filing is an administrative correction to an executive's RSU grant date and does not contain new material information regarding the company's financial performance, strategic direction, or operational health. As such, it does not provide a basis for changing an existing investment thesis or recommendation.

Keywords

TTM Technologies, TTMI, Form 4/A, Restricted Stock Units, RSU Grant, Executive Compensation, Insider Transaction, Gregory S. Fortier, Equity Award