Form 4: TTM Technologies Director Julie Spicer England Acquires Shares Through Restricted Stock Units

Director Julie Spicer England acquired 10,723 shares of TTM Technologies Inc. through a grant of restricted stock units on May 9, 2024.

Summary

• On May 9, 2024, Julie Spicer England, a director of TTM Technologies Inc., acquired 10,723 shares of common stock.
• The acquisition was a result of a grant of restricted stock units (RSUs).
• Each RSU represents the right to receive one share of TTM Technologies' common stock.
• The shares underlying 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, England directly owns 83,245 shares of TTM Technologies Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction of stock options being granted. It doesn't indicate positive or negative performance, just a routine event.

Positives

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

Future Outlook

The shares underlying the restricted stock units will vest on the first anniversary of the date of grant and will be delivered upon the reporting person's retirement from the Board of Directors.

Industry Context

This is a routine disclosure related to insider transactions, specifically the granting of restricted stock units to a board member, which is a common practice in corporate governance to align the interests of directors with those of shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's increased stake in the company.

Key Dates