Form 4: TTM Technologies Director Kenton K. Alder Acquires Shares Through Restricted Stock Units

Director Kenton K. Alder acquired 10,723 shares of TTM Technologies Inc. through restricted stock units, vesting on the first anniversary of the grant date.

Summary

• On May 9, 2024, Kenton K. Alder, a director of TTM Technologies Inc. (TTMI), acquired 10,723 shares of common stock.
• The acquisition was in the form of restricted stock units (RSUs), each representing the right to receive one share of TTMI common stock.
• The RSUs were granted at a price of $0.0000 per share.
• 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, Alder directly owns 153,357 shares of TTM Technologies Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a director receiving restricted stock units, which is a common practice. It doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating 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 of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder confidence.

Key Dates