Form 4: TTM Technologies Executive Receives Stock Units

Shawn A. Powers, EVP, CHRO of TTM Technologies Inc., was granted restricted stock units representing 4,900 shares of common stock.

Summary

• Shawn A. Powers, Executive Vice President and Chief Human Resources Officer of TTM Technologies Inc., received a grant of 4,900 restricted stock units (RSUs) on June 24, 2026.
• These RSUs represent the contingent right to receive one share of the Issuer's common stock.
• The RSUs will vest in three equal installments over the first, second, and third anniversaries of the grant date.
• The underlying stock will be delivered within 30 days of June 24 of each year, following vesting.
• Following this transaction, Mr. Powers beneficially owns 124,168 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard executive compensation event (RSU grant) rather than a significant financial performance update or strategic shift.

Positives

• Grant of restricted stock units to a key executive, indicating a commitment to retaining and incentivizing leadership.
• The vesting schedule over three years suggests a focus on long-term employee retention and performance.
• The executive's continued beneficial ownership of a significant number of shares (124,168) aligns their interests with shareholders.

Future Outlook

The restricted stock units are set to vest over three years, with stock delivery occurring within 30 days of June 24 annually, indicating a structured future compensation payout tied to continued service.

Industry Context

StockSavvy.ai notes that the granting of restricted stock units to executive officers is a common practice in the technology and manufacturing sectors, including the electronics industry where TTM Technologies operates, as a tool for executive retention and aligning management interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The grant of RSUs aligns executive interests with long-term shareholder value through a vesting schedule.
• Employees: The RSU grant to a senior executive may reflect the company's broader compensation philosophy for leadership.
• Management: The grant is a form of compensation for Shawn A. Powers, EVP, CHRO.

Next Steps

• Vesting of restricted stock units over the next three years.
• Delivery of shares within 30 days of June 24 annually, following vesting.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Restricted Stock Units, RSU Grant, Executive Compensation, Beneficial Ownership, Shawn A. Powers, EVP CHRO