Form 4: TTM Technologies EVP Sells 20,000 Shares

TTM Technologies' EVP, Catherine A Gridley, sold 20,000 shares of common stock for approximately $2.12 million under a Rule 10b5-1 plan.

Summary

• Catherine A Gridley, EVP, A&D Sector President of TTM Technologies Inc. (TTMI), sold 20,000 shares of common stock.
• The transaction occurred on February 20, 2026.
• Shares were sold at a weighted average price of $105.94, with individual transaction prices ranging from $105.00 to $107.27.
• The total value of shares sold is approximately $2,118,800.
• Following the sale, Ms. Gridley beneficially owns 78,645 shares of TTM Technologies common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. While it's an insider sale, the execution under a Rule 10b5-1 plan mitigates concerns about opportunistic selling, suggesting a pre-planned liquidity event rather than a loss of confidence.

Positives

• The sale was conducted under a Rule 10b5-1 plan, indicating it was pre-scheduled and not based on immediate, non-public information, which enhances transparency.

Negatives

• A key executive reduced their direct ownership in the company by 20,000 shares.

Risks

• Potential negative market perception associated with insider selling, even if pre-planned, could temporarily impact investor sentiment.

Future Outlook

NA

Management Comments

• Represents the sale of shares in open market.
• The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.00 to $107.27, inclusive.
• The reporting person undertakes to provide to TTM Technologies, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Industry Context

StockSavvy.ai notes that insider sales, particularly by high-ranking executives, are closely watched by investors for signals about management's confidence in the company's future prospects. However, sales executed under a Rule 10b5-1 plan are generally viewed as less indicative of a negative outlook, as they are pre-arranged to avoid accusations of trading on material non-public information.

Corporate Governance

Stakeholder Impact

• Shareholders may interpret the sale as a signal, but the 10b5-1 plan should temper negative sentiment. The transaction reduces the total number of shares held directly by a key executive.

Key Dates

Recommendation

A single insider sale, even by an EVP, especially when conducted under a 10b5-1 plan, is generally not a strong enough signal to warrant a change in investment recommendation. Investors should consider this transaction in the broader context of the company's financial performance and strategic outlook.

Keywords

TTM Technologies, TTMI, insider trading, Form 4, stock sale, executive compensation, Catherine A Gridley, 10b5-1 plan