Form 4: TTM Technologies Executive Sells 6,000 Shares Under 10b5-1 Plan

Shawn A. Powers, EVP of Human Resources at TTM Technologies, sold 6,000 shares of common stock at $25 per share under a pre-arranged 10b5-1 sales plan.

Summary

• Shawn A. Powers, an Executive Vice President at TTM Technologies, sold 6,000 shares of the company's common stock on December 2, 2024.
• The sale was executed at a price of $25 per share.
• This transaction was conducted under a pre-established 10b5-1 sales plan.
• Following the sale, Mr. Powers directly owns 89,341 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an executive's stock sale under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any recent material non-public information.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across publicly traded companies, including those in the technology and manufacturing sectors like TTM Technologies.
• Companies such as Flex, Jabil, and Sanmina also have executives who utilize 10b5-1 plans for stock transactions.
• The volume of shares sold and the price are within the typical range for such transactions, and do not indicate any unusual activity compared to industry peers.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

TTM Technologies, insider trading, Form 4, stock sale, 10b5-1 plan, executive, Shawn A. Powers, equity securities