Form 4: TTM Technologies Director Sells Shares Post-RSU Vesting

TTM Technologies Director Thomas T. Edman reported the sale of 70,840 shares of common stock, including sales to cover tax liabilities from RSU vesting and an open market sale.

Summary

• Thomas T. Edman, a Director of TTM Technologies Inc. (TTMI), reported transactions involving the sale of common stock.
• On February 13, 2026, Edman sold 58,090 shares of common stock at a price of $93.1158 per share. This sale was explicitly stated to cover tax liabilities associated with the vesting of Performance Restricted Stock Units (RSUs).
• On the same date, Edman also sold 12,750 shares of common stock in an open market transaction at a price of $94.92 per share. These shares were indirectly owned by the Edman Family Foundation.
• Following these transactions, Edman directly beneficially owns 871,971 shares of TTM Technologies common stock and indirectly owns 0 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction, with a portion explicitly for tax purposes related to RSU vesting, which does not inherently signal a strong positive or negative outlook for the company.

Positives

• The vesting of Performance RSUs implies that performance targets were met, which is a positive indicator of the company's operational execution and value creation for the insider.

Negatives

• The open market sale of 12,750 shares by a director could be perceived as a slight negative signal regarding future prospects or valuation, although it represents a relatively small portion of total holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, particularly those related to tax liabilities from RSU vesting, are common and often pre-planned events for executives. While open market sales can sometimes signal a lack of confidence, the overall context suggests a routine financial management activity.

Stakeholder Impact

• Shareholders may interpret the open market sale as a slight negative signal, though the tax-related sale is a routine event and generally not viewed negatively.

Key Dates

Recommendation

The filing details routine insider sales, including a significant portion to cover tax liabilities from RSU vesting and an open market sale. While insider selling can sometimes be a negative signal, these transactions appear to be for personal financial management and do not suggest a fundamental change in the company's prospects or warrant a change in investment thesis based solely on this filing.

Keywords

TTM Technologies, TTMI, insider trading, Form 4, stock sale, director, equity, common stock, RSU, vesting