Form 4: TTM Technologies Executive Anthony Joseph Sandeen Reports Acquisition of Restricted Stock Units

Anthony Joseph Sandeen, President of AMI&I Business Unit at TTM Technologies, reports acquiring 9,493 restricted stock units.

Summary

• On June 21, 2024, Anthony Joseph Sandeen, President of AMI&I Business Unit at TTM Technologies, acquired 9,493 shares of Common Stock.
• These shares were acquired in the form of restricted stock units (RSUs).
• Each RSU represents the contingent right to receive one share of TTM Technologies' common stock.
• The RSUs vest in three equal installments on the first, second, and third anniversaries of the grant date.
• The stock underlying the vested units will be delivered within 30 days of June 22 of each year.
• Following the transaction, Sandeen beneficially owns 37,549 shares of TTM Technologies' common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of restricted stock units is a standard practice and indicates confidence in the company's future performance.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a key executive is receiving equity-based compensation, which is a common practice in the technology industry.

Stakeholder Impact

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders, potentially leading to better company performance.

Key Dates