Form 4: TTM Technologies Executive Sells Shares for Tax Obligations

Tom Clapprood, President of Aerospace & Defense Interconnect Solutions at TTM Technologies Inc., sold 3,364 shares of common stock at a weighted average price of $36.3516 to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs).

Summary

• Tom Clapprood, President of Aerospace & Defense Interconnect Solutions at TTM Technologies Inc. (TTMI), reported a transaction involving the company's common stock.
• On June 23, 2025, Mr. Clapprood disposed of 3,364 shares of common stock.
• The shares were sold at a weighted average price of $36.3516 per share, with individual transaction prices ranging from $35.69 to $36.97.
• This sale was conducted pursuant to a Rule 10b5-1 Sales Plan and was specifically to cover tax liabilities incurred from the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Mr. Clapprood beneficially owns 30,673 shares of TTM Technologies common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, pre-planned sale of shares to cover tax obligations related to RSU vesting, which is a neutral event from a company performance perspective.

Positives

• The transaction indicates the vesting of Restricted Stock Units (RSUs), which is a form of executive compensation and retention.

Negatives

• An insider sale, even for tax purposes, can sometimes be perceived as a slight negative by some investors, though it is a common and routine event.

Future Outlook

N/A

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide information relevant to broader industry trends or competitive analysis for the aerospace and defense interconnect solutions sector.

Stakeholder Impact

• The impact on shareholders is minimal as this is a routine, tax-related sale of a small portion of an executive's holdings.
• Employees are not directly impacted by this specific transaction.
• Customers, suppliers, and creditors are not impacted by this insider stock sale.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Insider Trading, Stock Sale, RSU Vesting, Executive Compensation, Tom Clapprood, Aerospace & Defense Interconnect Solutions