Form 4: TTM Technologies EVP and CFO Daniel Boehle Reports Stock Sale to Cover Tax Obligations

Daniel Boehle, EVP and CFO of TTM Technologies, sold 5,796 shares of common stock on August 22, 2024, to cover tax liabilities related to vesting RSUs.

Summary

• On August 22, 2024, Daniel L. Boehle, the EVP and CFO of TTM Technologies Inc. (TTMI), sold 5,796 shares of the company's common stock.
• The sale was executed at a weighted average price of $19.7228 per share, with individual transactions ranging from $19.68 to $19.80.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan.
• The purpose of the sale was to cover the tax liability incurred from the vesting of Restricted Stock Units (RSUs).
• Following the reported transaction, Boehle directly owns 60,486 shares of TTM Technologies Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing represents a routine transaction to cover tax obligations, which is a normal part of executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Executive stock sales to cover tax obligations are a common practice and generally don't indicate a negative outlook for the company.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a small percentage of the outstanding shares and is related to tax obligations.

Key Dates