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

Douglas Soder, EVP and President of TTM Technologies, sold 15,286 shares of common stock at a weighted average price of $20.0292 per share on June 26, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• On June 26, 2024, Douglas Soder, the EVP and President of TTM Technologies, sold 15,286 shares of the company's common stock.
• The sale was executed under a 10b5-1 sales plan.
• The shares were sold at a weighted average price of $20.0292.
• The price range for individual transactions was between $20.00 and $20.10.
• Following the transaction, Soder directly owns 214,207 shares of TTM Technologies.
• The transaction was reported on a Form 4 filing with the SEC on June 27, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting an executive's stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

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

Key Dates