Form 4: TTM Technologies Executive Sells Shares

Robert P. Farrell of TTM Technologies Inc. reported the sale of 1,700 shares of common stock on June 25, 2026, as part of a pre-arranged 10b5-1 trading plan to cover tax liabilities from RSU vesting.

Summary

• Robert P. Farrell, President C&C at TTM Technologies Inc., reported the sale of a total of 1,700 shares of common stock on June 25, 2026.
• These sales were executed under a Rule 10b5-1 trading plan adopted on February 25th, 2026.
• The primary purpose of these transactions was to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
• The sales occurred at a weighted average price, with individual transactions ranging from $204.58 to $218.43.
• Following these transactions, Mr. Farrell beneficially owns 16,995 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While a significant number of shares were sold by an executive, the clear explanation of it being part of a pre-arranged 10b5-1 plan to cover tax liabilities from RSU vesting mitigates negative sentiment.

Positives

• The transactions were conducted under a Rule 10b5-1 plan, indicating pre-planned and orderly execution.
• The sales were specifically to cover tax liabilities, a common and expected event for executives upon RSU vesting, rather than a discretionary sale.
• The weighted average sale price across multiple transactions suggests a strategy to mitigate market impact.

Negatives

• A significant number of shares (1,700) were sold by a key executive.
• The sales represent a reduction in direct beneficial ownership by a corporate officer.

Risks

• Potential for negative market perception due to a significant share sale by a high-ranking executive, even if for tax purposes.
• The weighted average sale price indicates a range of prices, some of which might be lower than the prevailing market price at the time of the filing.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which solely reports on past transactions.

Management Comments

• The sales were made pursuant to a 10b5-1 trading plan adopted on February 25th, 2026.
• The sales were solely to pay the tax liability incident to the vesting of RSUs.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes upon request.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a 10b5-1 plan by TTM Technologies' President C&C to cover tax liabilities from RSU vesting is a common practice in the technology sector, aiming to provide liquidity for tax obligations while adhering to insider trading regulations.

Stakeholder Impact

• Shareholders: May perceive the sale as a negative signal, although the explanation of tax liability coverage under a 10b5-1 plan should temper concerns.
• Employees: The sale is a standard executive compensation event and is unlikely to have a direct impact.
• Creditors: No direct impact expected.
• Suppliers: No direct impact expected.

Next Steps

• The reporting person will continue to hold the remaining 16,995 shares of common stock.
• The company may receive requests for further information regarding the specific prices of the executed trades.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, RSU Vesting, Executive Compensation, Beneficial Ownership