Form 4: TTM Technologies Director Granted 7,080 Restricted Stock Units

Chantel E. Lenard, a Director at TTM Technologies Inc., was granted 7,080 restricted stock units, aligning her interests with shareholders.

Summary

• Chantel E. Lenard, a Director of TTM Technologies Inc. (TTMI), acquired 7,080 shares of common stock on May 27, 2025, through a grant of restricted stock units (RSUs).
• Each restricted stock unit represents the right to receive one share of the Issuer's common stock.
• The shares underlying these restricted stock units are scheduled to vest on the first anniversary of the grant date, which is May 27, 2026.
• The actual delivery of the stock will occur upon Ms. Lenard's retirement from the Board of Directors.
• Following this transaction, Ms. Lenard beneficially owns 74,228 shares of TTM Technologies common stock.

Sentiment

Score: 7

Explanation: The transaction is a routine equity compensation grant to a director, which is generally viewed positively as it aligns management/director interests with shareholders. There are no negative financial implications beyond standard dilution from equity compensation.

Positives

• The grant of 7,080 restricted stock units to Director Chantel E. Lenard aligns her long-term interests with those of TTM Technologies' shareholders, as the value of the grant is tied to the company's stock performance.
• The vesting schedule, tied to the first anniversary of the grant date, encourages continued commitment and performance from the director.

Negatives

• The grant of restricted stock units, while common, represents a potential future dilution of existing shareholder equity upon vesting and delivery of shares.

Risks

• Future stock price volatility could impact the ultimate value of the restricted stock units to the director.
• The delivery of shares upon retirement from the Board introduces a long-term holding period, subject to market conditions at the time of delivery.

Stakeholder Impact

• **Shareholders**: Potential minor future dilution upon vesting and delivery of shares, but also improved alignment of director's interests with shareholder value.

Next Steps

• Vesting of the 7,080 restricted stock units on May 27, 2026.
• Delivery of the underlying common stock shares to Ms. Lenard upon her retirement from the Board of Directors.

Key Dates

Keywords

TTM Technologies, TTMI, SEC Form 4, Restricted Stock Units, RSU Grant, Insider Transaction, Director Compensation, Equity Compensation, Corporate Governance