Form 4: TTM Technologies Executive Granted Restricted Stock Units

Catherine A. Gridley, EVP and A&D Sector President of TTM Technologies Inc., was granted 19,449 restricted stock units as part of her compensation.

Summary

• Catherine A. Gridley, the Executive Vice President and A&D Sector President of TTM Technologies Inc. (TTMI), acquired 19,449 shares of common stock.
• The transaction occurred on June 24, 2025, and was a grant of restricted stock units (RSUs) with a price of $0.00 per share.
• Each RSU represents the contingent right to receive one share of the Issuer's common stock.
• Following this transaction, Ms. Gridley beneficially owns 126,986 shares of common stock.
• The restricted stock units are scheduled to vest one-third on the first, second, and third anniversaries of the grant date.
• The stock underlying these units will be delivered on or within 30 days of June 24 of each vesting year.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged transaction.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is generally a positive signal, indicating executive retention and alignment with shareholder interests, although it also represents potential future dilution.

Positives

• The grant of restricted stock units aligns the executive's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• The vesting schedule encourages long-term retention of a key executive, Catherine A. Gridley, who serves as EVP and A&D Sector President.

Future Outlook

The document indicates a future vesting schedule for the granted restricted stock units, with one-third vesting on the first, second, and third anniversaries of the June 24, 2025 grant date, and stock delivery within 30 days of June 24 each year.

Industry Context

This filing represents a routine executive compensation event within the technology manufacturing sector, specifically for a company involved in printed circuit boards and radio frequency components. Such grants are common practice to incentivize and retain senior leadership.

Stakeholder Impact

• Shareholders: Potential for minor future dilution upon vesting and delivery of shares, but also improved executive alignment and retention.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• The restricted stock units will vest one-third on the first, second, and third anniversaries of the June 24, 2025 grant date.
• The underlying common stock will be delivered on or within 30 days of June 24 of each vesting year.

Key Dates

Keywords

TTM Technologies, TTMI, SEC Form 4, Restricted Stock Units, RSU Grant, Insider Transaction, Executive Compensation, Corporate Governance, Rule 10b5-1