Form 4: TTM Technologies EVP Granted 19,449 Restricted Stock Units Under 10b5-1 Plan

Shawn A. Powers, Executive Vice President of Human Resources at TTM Technologies Inc., was granted 19,449 restricted stock units, increasing his beneficial ownership to 93,354 shares.

Summary

• Shawn A. Powers, EVP, Human Resources of TTM Technologies Inc. (TTMI), acquired 19,449 shares of common stock on June 24, 2025.
• This acquisition was a grant of restricted stock units (RSUs) at a price of $0.00 per share.
• Each restricted stock unit represents the contingent right to receive one share of TTMI common stock.
• The RSUs will vest in three equal tranches: one-third on the first, second, and third anniversaries of the grant date (June 24, 2025).
• The stock underlying the vested units will be delivered on or within 30 days of June 24 of each vesting year.
• Following this transaction, Mr. Powers beneficially owns a total of 93,354 shares of TTMI common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 7

Explanation: The grant of equity to a key executive is generally a positive signal, aligning management incentives with shareholder interests, though it's a routine compensation event rather than a major strategic announcement.

Positives

• The grant of restricted stock units aligns the executive's long-term interests with those of shareholders through a multi-year vesting schedule.
• The increase in beneficial ownership by a key executive demonstrates continued commitment to the company's performance and future.

Future Outlook

The document indicates future vesting events for the granted restricted stock units on the first, second, and third anniversaries of June 24, 2025, with stock delivery within 30 days of each vesting date.

Industry Context

This Form 4 filing reports a routine executive equity compensation event, which is a common practice across industries to incentivize and retain key management personnel. It does not provide broader insights into industry trends or competitive landscape.

Comparison to Industry Standards

• The grant of restricted stock units with a multi-year vesting schedule is a standard practice for executive compensation in publicly traded companies, aligning with common industry benchmarks for long-term incentive plans.

Corporate Governance

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive incentives with long-term company performance and value creation.
• Employees: No direct impact mentioned in this filing.

Next Steps

• Vesting of one-third of the restricted stock units on June 24, 2026.
• Vesting of one-third of the restricted stock units on June 24, 2027.
• Vesting of the final one-third of the restricted stock units on June 24, 2028.
• Delivery of stock underlying vested units within 30 days of each vesting date.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Shawn A. Powers, Equity Grant, Rule 10b5-1