Form 4: TTM Technologies Director Chantel E. Lenard Reports Acquisition of 10,723 Shares

Director Chantel E. Lenard reports acquisition of 10,723 shares of TTM Technologies Inc. common stock through restricted stock units.

Summary

• On May 9, 2024, Chantel E. Lenard, a director of TTM Technologies Inc., acquired 10,723 shares of common stock.
• The acquisition was in the form of restricted stock units (RSUs) granted to Lenard.
• Each RSU represents the right to receive one share of TTM Technologies' common stock.
• The RSUs will vest on the first anniversary of the grant date.
• The stock underlying the restricted units will be delivered upon the reporting person's retirement from the Board of Directors.
• Following the transaction, Lenard directly owns 67,148 shares of TTM Technologies Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition by a company director. The acquisition itself can be seen as a positive sign, but the filing is routine.

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.

Future Outlook

The shares underlying the restricted units will be delivered upon the reporting person's retirement from the Board of Directors.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates