Form 4: TTM Technologies Executive Receives Significant Restricted Stock Unit Grant

Douglas L. Soder, EVP and Commercial Sector President of TTM Technologies Inc., was granted 19,449 restricted stock units, aligning his interests with long-term shareholder value.

Summary

• Douglas L. Soder, the Executive Vice President and Commercial Sector President of TTM Technologies Inc. (TTMI), was granted 19,449 shares of common stock in the form of restricted stock units (RSUs).
• The transaction date for this grant was June 24, 2025.
• Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock.
• The RSUs will vest in three equal installments: one-third on the first, second, and third anniversaries of the grant date.
• Following this transaction, Douglas L. Soder beneficially owns 179,193 shares of common stock.
• The grant was made at a price of $0.00 per unit, indicating it is a compensation award rather than a purchase.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive, as it represents a routine executive compensation event that aligns management incentives with shareholder interests, without indicating any immediate financial performance changes or significant new strategic directions.

Positives

• The grant of restricted stock units aligns the interests of a key executive, Douglas L. Soder, with the long-term performance and shareholder value of TTM Technologies Inc.
• This RSU grant is a standard component of executive compensation, indicating a commitment to retaining and incentivizing key management personnel.

Future Outlook

The granted restricted stock units are scheduled to vest in three annual installments, with one-third vesting on the first, second, and third anniversaries of the June 24, 2025 grant date. The underlying stock will be delivered on or within 30 days of June 24 of each vesting year.

Industry Context

The grant of restricted stock units to a senior executive is a common practice in the technology and manufacturing sectors, serving as a key component of long-term incentive compensation plans designed to retain talent and align management's interests with shareholder returns.

Stakeholder Impact

• Shareholders: The RSU grant aligns the interests of a key executive with long-term shareholder value, as the executive's compensation becomes tied to the company's stock performance.
• Employees: This type of compensation structure can serve as a model for broader employee incentive programs, potentially impacting morale and retention.

Next Steps

• Vesting of the restricted stock units will occur in one-third increments on the first, second, and third anniversaries of the June 24, 2025 grant date.
• Delivery of the underlying common stock will take place on or within 30 days of June 24 in each vesting year.

Key Dates

Keywords

TTM Technologies, TTMI, SEC Form 4, Restricted Stock Units, RSU Grant, Executive Compensation, Insider Transaction, Douglas L. Soder, Beneficial Ownership