Form 4: TTM Technologies EVP, President Douglas L. Soder, Acquires 28,481 Shares of Common Stock

Douglas L. Soder, EVP and President of TTM Technologies, acquired 28,481 shares of common stock through a grant of restricted stock units.

Summary

• On June 21, 2024, Douglas L. Soder, EVP and President of TTM Technologies, acquired 28,481 shares of common stock.
• The acquisition was a result of a grant of restricted stock units (RSUs).
• Each RSU represents the contingent right to receive one share of TTM Technologies' common stock.
• The RSUs will vest in three equal installments on the first, second, and third anniversaries of the grant date.
• The stock underlying the vested RSUs will be delivered within 30 days of June 22 of each year.
• Following the transaction, Soder directly owns 243,055 shares of TTM Technologies' common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of shares by an executive is generally viewed as a positive sign, but it's not a major event.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units will vest one-third on the first, second and third anniversaries of the date of grant and the stock underlying the restricted units will be delivered on or within 30 days of June 22 of each year.

Industry Context

Insider transactions are routinely monitored and reported to the SEC. This filing provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates