Form 4: TTM Technologies Director Wajid Ali Granted 7,080 Restricted Stock Units

TTM Technologies Inc. Director Wajid Ali has been granted 7,080 restricted stock units, aligning his interests with shareholders.

Summary

• Wajid Ali, a Director of TTM Technologies Inc. (TTMI), acquired 7,080 shares of common stock on May 27, 2025, through a grant of restricted stock units (RSUs).
• 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.
• The stock underlying the restricted units will be delivered to Mr. Ali upon his retirement from the Board of Directors.
• Following this transaction, Mr. Ali beneficially owns 14,024 shares directly.

Sentiment

Score: 7

Explanation: The grant of equity to a director is generally a positive signal as it aligns the director's interests with the company's long-term performance and shareholder value. It's a routine compensation event, not indicative of major operational changes, hence a moderately positive score.

Positives

• The grant of restricted stock units to Director Wajid Ali aligns his financial interests directly with the long-term performance and shareholder value of TTM Technologies.
• Equity-based compensation is a common and effective method to incentivize directors and retain talent.

Future Outlook

The restricted stock units granted to Director Wajid Ali are set to vest on the first anniversary of the grant date, with the underlying shares to be delivered upon his retirement from the Board of Directors, indicating a long-term incentive structure.

Industry Context

The grant of restricted stock units to a director is a standard practice in corporate governance across various industries, including the technology and manufacturing sectors, to align management and board interests with those of shareholders.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a form of director compensation is a widely adopted practice among publicly traded companies, including those in the electronics manufacturing services (EMS) and printed circuit board (PCB) industries, such as Sanmina Corporation or Benchmark Electronics, which also utilize equity grants to incentivize their board members.
• The vesting schedule, typically over one to several years, and delivery upon retirement are common structures designed to promote long-term commitment and performance.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Director Wajid Ali constitutes a related party transaction, as it involves compensation from the company to a member of its Board of Directors. This is a standard and disclosed form of compensation.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's interests with shareholder value, potentially leading to more shareholder-friendly decisions and long-term growth focus.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The restricted stock units are expected to vest on May 27, 2026 (first anniversary of the grant date).
• The underlying shares will be delivered to Wajid Ali upon his retirement from the Board of Directors.

Key Dates

Keywords

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