Form 4: TTM Technologies Executive Catherine Gridley Reports Acquisition of Restricted Stock Units

Catherine Gridley, EVP and A&D BU President at TTM Technologies, reports the acquisition of 28,481 restricted stock units.

Summary

• Catherine A Gridley, an EVP and A&D BU President at TTM Technologies Inc, reported a transaction on June 21, 2024.
• She acquired 28,481 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted at a price of $0.000.
• Following the transaction, Gridley directly owns 144,388 shares of TTM Technologies Inc.
• The restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date, with stock delivery within 30 days of June 22 each year.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units is a common practice and indicates confidence from the company in its executive. There are no negative indicators.

Positives

• The acquisition of restricted stock units aligns Catherine Gridley's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment and performance.

Future Outlook

The vesting schedule of the restricted stock units extends over three years, indicating a long-term incentive for the executive.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and are closely watched by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder confidence due to the alignment of executive and shareholder interests.

Key Dates