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

TTM Technologies Inc. director Pamela B. Jackson was granted 7,080 restricted stock units as part of her compensation, increasing her beneficial ownership to 47,690 shares.

Summary

• Pamela B. Jackson, a Director of TTM Technologies Inc. (TTMI), was granted 7,080 shares of Common Stock in the form of restricted stock units (RSUs).
• The transaction date for this grant was May 27, 2025.
• Each restricted stock unit represents the right to receive one share of the Issuer's common stock.
• The shares underlying these restricted stock units will vest on the first anniversary of the grant date, which is May 27, 2026.
• The actual delivery of the stock underlying the restricted units will occur upon Ms. Jackson's retirement from the Board of Directors.
• Following this transaction, Pamela B. Jackson beneficially owns a total of 47,690 shares of TTM Technologies Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event that aligns director interests with shareholders, but it doesn't indicate any significant operational or financial news.

Positives

• The grant of restricted stock units aligns the director's financial interests with those of the shareholders, as the value of her compensation is tied to the company's stock performance.
• This is a standard form of equity compensation for directors, indicating ongoing commitment and incentivization.

Future Outlook

The granted restricted stock units are scheduled to vest on the first anniversary of the grant date (May 27, 2026), with the underlying shares to be delivered upon the reporting person's retirement from the Board of Directors.

Industry Context

The grant of restricted stock units to a director is a common practice in corporate governance across various industries, including the technology and manufacturing sectors where TTM Technologies operates. It serves as a key component of executive and director compensation packages, aiming to align leadership interests with long-term shareholder value.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a form of director compensation is a widely accepted and standard practice across publicly traded companies, including those in the electronics manufacturing and printed circuit board (PCB) industry.
• Companies like Sanmina Corporation (SANM) or Amphenol Corporation (APH), while not direct competitors in all aspects, also utilize equity grants to incentivize and retain their board members, reflecting a common approach to corporate governance and compensation.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Pamela B. Jackson, a Director of TTM Technologies Inc., constitutes a related party transaction, which is a standard component of director compensation.

Stakeholder Impact

• Shareholders: The grant of equity to a director helps align their interests with those of the shareholders, potentially encouraging decisions that enhance long-term stock value.

Next Steps

• The 7,080 restricted stock units are scheduled to vest on May 27, 2026.
• The shares underlying the restricted units will be delivered to Pamela B. Jackson upon her retirement from the Board of Directors.

Key Dates

Keywords

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