Form 4: TTM Technologies Executive Sells Shares

Shawn A. Powers, EVP, CHRO of TTM Technologies Inc., reported the sale of common stock on June 23, 2026, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Shawn A. Powers, Executive Vice President and Chief Human Resources Officer of 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 25, 2026.
• The primary purpose of these sales was to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
• A total of 7,000 shares were sold across multiple transactions at weighted average prices ranging from $201.89 to $213.73.
• Following these transactions, Mr. Powers beneficially owns 119,268 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the reported stock sales are attributed to a pre-arranged plan for tax liability coverage, a common and expected event for executives.

Negatives

• Sale of a significant number of shares by a key executive, although explained as a tax-related event.

Future Outlook

The filing does not contain forward-looking statements or guidance.

Management Comments

• The sales were made pursuant to a 10b5-1 trading plan adopted on February 25th, 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 ranges set forth in the footnotes, upon request.

Industry Context

StockSavvy.ai notes that insider sales for tax withholding purposes are common, especially when stock prices are high, as is suggested by the prices reported in this filing. This is a standard practice to manage personal tax obligations related to equity compensation.

Stakeholder Impact

• Shareholders: The sale is part of a pre-planned tax event and does not necessarily indicate a negative view of the company's future prospects by the executive. However, any insider selling can be perceived negatively by the market.
• Employees: The transaction relates to executive compensation and tax liabilities, with no direct impact on other employees.
• Management: Confirms adherence to established trading plans for managing equity compensation.

Key Dates

Keywords

TTM Technologies, Shawn A. Powers, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, RSU Vesting, Executive Compensation, TTMI