Form 4: TTM Technologies Executive Granted Over 5,800 Restricted Stock Units

Anthony Joseph Sandeen, President of TTM Technologies' AMI&I Business Unit, was granted 5,893 restricted stock units (RSUs) on June 24, 2025, aligning executive incentives with shareholder interests.

Summary

• Anthony Joseph Sandeen, President of the AMI&I Business Unit at TTM Technologies Inc. (TTMI), acquired 5,893 shares of common stock through a restricted stock unit (RSU) grant.
• The transaction date for this grant was June 24, 2025, with a price of $0.00 per unit, typical for RSU grants.
• Following this transaction, Mr. Sandeen beneficially owns a total of 43,442 shares of TTM Technologies common stock.
• The granted restricted stock units will vest in three equal installments: one-third on the first, second, and third anniversaries of the grant date (June 24, 2025).
• The underlying stock for the vested units will be delivered on or within 30 days of June 24 of each vesting year.

Sentiment

Score: 6

Explanation: The document reports a routine executive compensation grant, which is generally a neutral to slightly positive event as it aligns management incentives with shareholder interests, without indicating any immediate operational or financial changes.

Positives

• The grant of restricted stock units to a key executive, Anthony Joseph Sandeen, aligns his long-term financial interests directly with the performance of TTM Technologies and its shareholders.
• This form of compensation is a standard practice designed to retain and incentivize senior management.

Future Outlook

The document primarily details an executive compensation grant and does not provide forward-looking statements regarding the company's financial performance or strategic outlook, beyond the vesting schedule for the granted RSUs.

Industry Context

The grant of restricted stock units to a senior executive is a common and widely accepted practice in the technology and manufacturing sectors for executive compensation, aiming to foster long-term commitment and align management incentives with shareholder value creation.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of executive compensation is a standard practice across publicly traded companies, including those in the electronics manufacturing and defense industries where TTM Technologies operates.
• The vesting schedule of one-third over three years is a typical structure designed to encourage executive retention and long-term performance.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Anthony Joseph Sandeen, an officer of TTM Technologies, constitutes a related party transaction as it involves the company providing compensation to a key management personnel.

Stakeholder Impact

• Shareholders: The RSU grant aligns the executive's long-term interests with shareholder value creation, potentially leading to improved company performance.
• Employees: While not directly impacting all employees, executive compensation practices can influence overall company culture and morale.
• Management: Provides a significant incentive for the executive to contribute to the company's long-term success and retention.

Next Steps

• The restricted stock units will vest in three annual installments, with the first vesting on June 24, 2026, followed by subsequent vestings on June 24, 2027, and June 24, 2028.
• The underlying common stock will be delivered to the executive on or within 30 days of each vesting date.

Key Dates

Keywords

TTM Technologies, TTMI, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Executive Compensation, Corporate Governance, Anthony Joseph Sandeen