Form 4: TTM Technologies EVP Shawn Powers Reports Stock Transactions

Shawn Powers, EVP of Human Resources at TTM Technologies, reports the acquisition and disposal of company stock related to vesting performance-based restricted stock units and tax obligations.

Summary

• On February 11, 2025, Shawn Powers acquired 29,585 shares of TTM Technologies common stock upon the vesting of performance-based restricted stock units.
• These units were initially granted on June 22, 2022.
• On February 12, 2025, Powers disposed of 15,814 shares to cover tax liabilities associated with the vesting of the restricted stock units.
• The shares were sold at a weighted average price of $25.5461.
• Following these transactions, Powers directly owns 103,112 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with shareholder value.
• Selling shares to cover tax obligations upon vesting is a common practice among executives receiving equity compensation.
• Rule 10b5-1 plans are frequently used by corporate insiders to schedule stock sales in advance, avoiding accusations of insider trading.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock sales for tax purposes.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates