Form 4: TTM Technologies Director Philip G. Franklin Reports Acquisition of 10,723 Shares

Director Philip G. Franklin reports acquiring 10,723 shares of TTM Technologies Inc. common stock through restricted stock units.

Summary

• On May 9, 2024, Philip G. Franklin, 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 Franklin.
• 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 RSUs will be delivered upon Franklin's retirement from the Board of Directors.
• Following the transaction, Franklin directly owns 147,834 shares of TTM Technologies Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of stock acquisition through restricted stock units. It doesn't inherently indicate positive or negative sentiment, but rather a routine part of executive compensation.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

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

Key Dates