Form 4: TTM Technologies EVP Douglas Soder Sells Shares Under 10b5-1 Plan

Douglas Soder, EVP and President of TTM Technologies, sold 9,714 shares of common stock at $20 per share on July 3, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• Douglas Soder, an EVP and President at TTM Technologies, sold 9,714 shares of the company's common stock on July 3, 2024.
• The sale was executed at a price of $20 per share.
• The transaction was conducted under a pre-existing 10b5-1 sales plan.
• Following the sale, Soder directly owns 204,493 shares of TTM Technologies.
• The sale was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an insider stock sale under a pre-arranged plan, so it doesn't convey strong positive or negative sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates