Form 4: TTM Technologies Executive Sells 6,400 Shares Under 10b5-1 Plan

TTM Technologies EVP of Human Resources, Shawn A. Powers, sold 6,400 shares of common stock at an average price of $23.7412 per share on November 15, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• Shawn A. Powers, EVP of Human Resources at TTM Technologies, sold 6,400 shares of the company's common stock on November 15, 2024.
• The sale was executed under a pre-arranged 10b5-1 sales plan.
• The shares were sold at a weighted average price of $23.7412 per share.
• The prices for the individual transactions ranged from $23.67 to $23.80.
• Following the transaction, Mr. Powers directly owns 95,341 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. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across publicly traded companies.
• The reported transaction is consistent with standard SEC reporting requirements for insider trading.
• Similar filings can be seen from executives at companies like Flex, Jabil, and Sanmina, which are also in the electronics manufacturing services sector.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price due to the pre-arranged nature of the sale.

Key Dates

Keywords

TTM Technologies, insider trading, Form 4, 10b5-1 plan, stock sale, executive, share transaction