Form 4: TTM Technologies Executive Sells Shares

Tom Clapprood, President of A&D Interconnect Solutions at TTM Technologies, sold a significant number of shares on June 23, 2026, as part of a pre-arranged 10b5-1 trading plan to cover tax liabilities from vested RSUs.

Summary

• Tom Clapprood, President of A&D Interconnect Solutions at TTM Technologies Inc., executed a series of stock sales on June 23, 2026.
• These transactions were conducted under a Rule 10b5-1 trading plan adopted on February 27th, 2026.
• The primary purpose of these sales was to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
• A total of 3,378 shares were sold across multiple transactions at weighted average prices ranging from $201.89 to $213.73.
• Following these transactions, Clapprood beneficially owns 20,199 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. While insider selling can be a negative signal, the explicit reason for the sale (tax liability from RSU vesting) and the use of a 10b5-1 plan mitigate concerns about negative company outlook.

Negatives

• Executive selling a significant number of shares, although for tax purposes, can sometimes be perceived negatively by the market.

Risks

• The sales are part of a pre-arranged plan to cover tax liabilities, indicating that the executive is meeting financial obligations rather than divesting due to negative outlook.
• The weighted average prices of the sales indicate a range of market prices at the time of the transactions.

Future Outlook

The filing does not contain forward-looking statements or guidance. It reports on past transactions.

Management Comments

• The sales were made pursuant to a 10b5-1 trading plan adopted on February 27th, 2026, 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 reported ranges upon request.

Industry Context

StockSavvy.ai notes that insider sales for tax withholding purposes are common, especially with the vesting of Restricted Stock Units (RSUs). The execution of these sales under a 10b5-1 plan suggests a structured approach to managing executive compensation obligations and avoids concerns about opportunistic trading.

Corporate Governance

Stakeholder Impact

• Shareholders: The sale is for tax purposes and executed under a plan, minimizing immediate negative impact on share price due to insider selling concerns. Remaining beneficial ownership by the executive is substantial.
• Employees: The transaction relates to executive compensation and tax obligations, with no direct impact on general employee operations.
• Management: Demonstrates adherence to corporate governance policies regarding insider transactions and tax management.

Next Steps

• The reporting person will continue to hold the remaining 20,199 shares.
• The company will continue to operate under its existing business strategy.

Key Dates

Keywords

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