Form 4: TTM Technologies EVP, General Counsel Daniel J. Weber Reports Acquisition of 28,481 Shares

Daniel J. Weber, EVP and General Counsel of TTM Technologies, acquired 28,481 shares of common stock through a grant of restricted stock units.

Summary

• On June 21, 2024, Daniel J. Weber, the EVP and General Counsel of TTM Technologies Inc., reported the acquisition of 28,481 shares of common stock.
• These shares were acquired through a grant of restricted stock units (RSUs) at a price of $0.00.
• Following the transaction, Weber directly owns 132,313 shares of TTM Technologies Inc.
• The restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date, with stock delivery within 30 days of June 22 of each year.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive through RSUs is generally seen as a positive sign, indicating confidence in the company's future. However, it's a routine transaction, hence not overly bullish.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing long-term performance.

Future Outlook

The vesting schedule of the restricted stock units indicates a commitment to the company's long-term performance, with vesting occurring over three years.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects. Grants of restricted stock units are a common form of executive compensation in the technology industry.

Comparison to Industry Standards

• Restricted stock units are a standard component of executive compensation packages in the technology sector, aligning executive incentives with shareholder value.
• Companies like Intel, Apple, and Texas Instruments also use RSUs as part of their compensation strategy to retain and motivate key personnel.

Stakeholder Impact

• The transaction signals to shareholders that a key executive's interests are aligned with theirs, potentially boosting investor confidence.

Next Steps

• The restricted stock units will vest over the next three years, contingent on continued employment.

Key Dates