Form 4: TTM Technologies Director Rex D. Geveden Reports Acquisition of 14,075 Shares of Common Stock

Director Rex D. Geveden reported acquiring 14,075 shares of TTM Technologies common stock on May 9, 2024, through a grant of restricted stock units.

Summary

• On May 9, 2024, Rex D. Geveden, a director of TTM Technologies Inc., acquired 14,075 shares of common stock.
• The acquisition was in the form of restricted stock units (RSUs).
• 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 restricted units will be delivered upon the reporting person's retirement from the Board of Directors.
• Following the transaction, Geveden directly owns 83,318 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of insider transactions. The acquisition of shares by a director is generally viewed as a positive sign, but it's 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 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director increasing their stake in the company.

Key Dates