Form 4: TTM Technologies Executive Sells Shares to Cover RSU Tax Liability

Shawn A. Powers, EVP of Human Resources at TTM Technologies Inc., sold 14,207 shares of common stock on June 23, 2025, to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• Shawn A. Powers, Executive Vice President of Human Resources at TTM Technologies Inc. (TTMI), reported a transaction involving the company's common stock.
• The transaction occurred on June 23, 2025, and involved the disposition of 14,207 shares.
• The shares were sold at a weighted average price of $36.3687 per share, with individual sales ranging from $35.71 to $36.94.
• This sale was conducted pursuant to a Rule 10b5-1 Sales Plan, specifically to cover the tax liability incurred from the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Mr. Powers beneficially owns 73,905 shares of TTM Technologies common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While it's an insider sale, it's a non-discretionary transaction for tax purposes related to RSU vesting, which is a standard part of executive compensation and not indicative of a negative outlook on the company.

Positives

• The transaction is a non-discretionary sale, pre-arranged under a 10b5-1 plan, indicating a routine compensation event rather than a change in management's outlook on the company.
• The sale is specifically for tax purposes related to RSU vesting, which is a common and expected event for executives receiving equity compensation.

Negatives

• The sale by an insider, even for tax purposes, represents a reduction in direct ownership, which some investors might perceive as a minor negative, although it is a standard part of executive compensation.

Risks

• No specific new risks are introduced or highlighted by this routine insider transaction filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation and does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of outstanding shares, but it is a routine event and unlikely to significantly impact shareholder value.
• Employees: No direct impact on employees beyond the executive involved.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Executive Compensation, Shawn Powers, 10b5-1 Plan