Form 4: TTM Technologies Exec Sells Over 30,000 Shares

TTM Technologies EVP Catherine A Gridley reported the sale of 30,479 shares of common stock, including sales for tax obligations and open market transactions.

Summary

• Catherine A Gridley, EVP, A&D Sector President of TTM Technologies Inc. (TTMI), reported two transactions involving the sale of common stock.
• On February 13, 2026, Gridley sold 20,479 shares at a price of $93.1158 per share to cover tax liabilities associated with the vesting of Performance Restricted Stock Units (RSUs).
• Following this tax-related sale, her direct beneficial ownership stood at 108,645 shares.
• On the same date, February 13, 2026, Gridley conducted an open market sale of an additional 10,000 shares at a price of $95.11 per share.
• After both transactions, Gridley's direct beneficial ownership of TTM Technologies common stock is 98,645 shares.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal. While tax-related sales are routine, the additional open market sale by a high-ranking executive reduces insider alignment and could suggest a belief that the stock is adequately valued or that personal liquidity needs outweigh holding company shares.

Negatives

• A significant reduction in insider ownership (30,479 shares) could be perceived negatively by investors, even if partially for tax purposes.
• The open market sale of 10,000 shares suggests a voluntary reduction in exposure to the company's stock by a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes that insider selling, particularly open market sales, can sometimes be interpreted by the market as a signal regarding management's perception of the company's near-term prospects or valuation. However, sales to cover tax liabilities from RSU vesting are a common occurrence and often pre-planned under Rule 10b5-1, making them less indicative of a negative outlook.

Stakeholder Impact

• Shareholders may interpret the insider selling as a lack of confidence or a signal that the stock's current valuation is fair, potentially leading to negative sentiment or selling pressure.

Key Dates

Recommendation

While insider selling, especially open market sales, can be a negative signal, the overall volume relative to the executive's remaining holdings and the company's market capitalization is not catastrophic. A portion of the sale was for tax obligations, which is a common and often pre-planned event. Investors should monitor future insider activity and company performance rather than reacting solely to this single transaction, hence a 'hold' recommendation is appropriate.

Keywords

TTM Technologies, TTMI, Insider Sale, Form 4, Executive Compensation, Stock Transaction, Performance RSUs, Open Market Sale