Form 4: TTM Technologies Executive Robert P. Farrell Reports Stock Transactions
SEC Form 4 Filing
Robert P. Farrell, President C&C of TTM Technologies, reports the sale of common stock to cover tax obligations and generate cash following the vesting of Restricted Stock Units (RSUs).
Summary
- On February 18, 2025, Robert P. Farrell, President C&C of TTM Technologies, engaged in transactions involving the company's common stock.
- 260 shares were disposed of to cover tax liabilities related to the vesting of RSUs at a price of $26.33 per share.
- An additional 460 shares were sold for cash, also incident to the vesting of RSUs, at $26.33 per share.
- Following these transactions, Farrell directly owns 21,298 shares of TTM Technologies common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales related to RSU vesting and tax obligations under a pre-arranged plan. It doesn't inherently indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The stock sales could have a minor, temporary impact on the stock price, but the transactions are likely viewed as routine due to the pre-arranged 10b5-1 sales plan.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock transactions (sale of shares to cover tax liability and for cash related to RSU vesting). |
| 02/19/2025 | Date of signature by Attorney-in-Fact, Daniel J. Weber. |
Keywords
TTM Technologies, Robert P. Farrell, Form 4, Stock Sale, RSU Vesting, Insider Trading, 10b5-1 Plan, TTMI
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