Form 4: TTM Technologies EVP Sells Shares Post-RSU Vesting

TTM Technologies' EVP and General Counsel, Daniel J. Weber, reported the sale of 31,790 shares of common stock, including sales for tax obligations and open market transactions.

Summary

• Daniel J. Weber, EVP and General Counsel of TTM Technologies Inc. (TTMI), reported transactions involving the company's common stock.
• On February 13, 2026, Weber disposed of 19,790 shares at a price of $93.1158 per share to cover tax liabilities related to the vesting of Performance Restricted Stock Units (RSUs).
• Following this tax-related sale, Weber beneficially owned 106,621 shares.
• On the same date, February 13, 2026, Weber also sold an additional 12,000 shares in an open market transaction at a price of $93.88 per share.
• After both transactions, Weber's direct beneficial ownership stands at 94,621 shares of common stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as slightly negative due to the open market sale by a key executive, even though a portion of the sales was for tax obligations related to RSU vesting, which is a neutral event.

Positives

• The tax-related sale of 19,790 shares at $93.1158 per share indicates the vesting of Performance RSUs, suggesting that performance targets were met, which is generally a positive for the company.

Negatives

• The open market sale of 12,000 shares at $93.88 by a key executive could be interpreted as a slight negative signal, as it reduces insider ownership.

Risks

• Increased insider selling, particularly open market sales, could potentially signal a lack of confidence from management or a belief that the stock is fully valued, which might be perceived as a risk by investors.

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported in Form 4 filings, are closely watched by investors as they can provide insights into management's perception of the company's value. While tax-related sales are common and often neutral, open market sales by executives can sometimes be viewed with caution, especially if they are significant or part of a broader trend across multiple insiders.

Stakeholder Impact

• Shareholders may interpret the open market sale as a slight negative signal regarding management's confidence or the stock's valuation.

Key Dates

Recommendation

While the open market sale by an executive is a slight negative, the overall impact is limited given the context of RSU vesting and tax obligations. It does not suggest a fundamental shift in the company's prospects, warranting a 'hold' rather than a 'sell' recommendation, but also not a 'buy' given the insider selling.

Keywords

TTM Technologies, TTMI, Insider Trading, Form 4, Stock Sale, Executive Compensation, Daniel J. Weber, EVP General Counsel, Restricted Stock Units, Equity Compensation