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

Tom Clapprood, President of Aerospace & Defense Interconnect Solutions at TTM Technologies Inc., was granted 7,858 restricted stock units on June 24, 2025, as part of a pre-arranged equity plan.

Summary

• Reporting Person: Tom Clapprood, President of Aerospace & Defense Interconnect Solutions at TTM Technologies Inc. (TTMI).
• Transaction Date: June 24, 2025.
• Transaction Type: Acquisition of 7,858 shares of Common Stock.
• Nature of Acquisition: The acquisition represents a grant of restricted stock units (RSUs) with a price of $0.00 per unit.
• Vesting Schedule: The granted restricted stock units will vest one-third on the first, second, and third anniversaries of the grant date.
• Stock Delivery: The common stock shares underlying the vested restricted units will be delivered on or within 30 days of June 24 of each vesting year.
• Post-Transaction Ownership: Following this transaction, Tom Clapprood beneficially owns a total of 38,531 shares of Common Stock.
• Rule 10b5-1 Plan: The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is a positive sign of management retention and alignment with shareholder interests, reflecting standard compensation practices. It does not indicate any negative operational or financial news.

Positives

• The grant of restricted stock units aligns the executive's long-term interests with those of the shareholders, promoting sustained company performance.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned and non-discretionary equity compensation event, which is a standard corporate governance practice.

Negatives

• No apparent negatives are indicated by this routine executive compensation filing.

Risks

• No specific risks are mentioned in this Form 4 filing, as it primarily reports an insider transaction.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance. It solely reports an insider transaction related to executive compensation.

Industry Context

This Form 4 filing reports an individual executive's equity compensation and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The RSU grant aligns the executive's financial incentives with the long-term performance of the company, potentially benefiting shareholders through improved management focus on value creation.
• Employees: This reflects a standard executive compensation practice, which may be viewed as a positive for executive retention and stability within the company.

Next Steps

• Vesting of restricted stock units will occur one-third on the first, second, and third anniversaries of the grant date (June 24, 2026, 2027, and 2028).
• Delivery of common stock shares underlying the vested units will occur on or within 30 days of June 24 in each vesting year.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Restricted Stock Units, RSU Grant, Executive Compensation, Insider Transaction, Tom Clapprood, Equity Compensation