Form 4: TTM Technologies Executive Jeff Jankowsky Reports Acquisition of Restricted Stock Units

Jeff Jankowsky, President, A&D C4Isr of TTM Technologies, reports acquiring 9,493 restricted stock units on June 21, 2024.

Summary

• On June 21, 2024, Jeff Jankowsky, President, A&D C4Isr of TTM Technologies, acquired 9,493 restricted stock units.
• These restricted stock units represent the contingent right to receive one share of TTM Technologies' common stock each.
• The restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date.
• The stock underlying the restricted units will be delivered on or within 30 days of June 22 of each year.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding stock ownership. It doesn't inherently convey positive or negative sentiment.

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 document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company executives.

Comparison to Industry Standards

• Stock grants are a common form of compensation for executives in publicly traded companies, including those in the technology and manufacturing sectors.
• Companies like Sanmina and Flex also use stock grants as part of their executive compensation packages.
• The vesting schedule of one-third per year is a standard practice to incentivize long-term performance.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.
• It aligns executive interests with shareholder value through equity ownership.

Key Dates