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

Daniel J. Weber, EVP and General Counsel of TTM Technologies Inc., sold 12,492 shares of common stock for tax purposes related to RSU vesting.

Summary

• Daniel J. Weber, Executive Vice President and General Counsel of TTM Technologies Inc. (TTMI), reported a transaction on June 23, 2025.
• The transaction involved the disposition of 12,492 shares of TTM Technologies common stock.
• The shares were sold at a weighted average price of $36.3267 per share, with individual sales ranging from $35.64 to $36.85.
• This sale was conducted pursuant to a Rule 10b5-1 Sales Plan.
• The purpose of the sale was to cover the tax liability incurred from the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Mr. Weber beneficially owns 62,491 shares of TTM Technologies common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While an insider sale can sometimes be viewed negatively, this specific transaction is explicitly stated to be for tax purposes related to RSU vesting and was conducted under a 10b5-1 plan, indicating a non-discretionary, routine event rather than a signal of lack of confidence in the company.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The sale of shares was made pursuant to a 10b5-1 Sales Plan.
• The sale was conducted to pay the tax liability incident to the vesting of RSUs.

Industry Context

This Form 4 filing reports a routine insider transaction for tax purposes, which is common across all industries when executive compensation includes equity awards like RSUs. It does not provide specific insights into broader industry trends for the electronics manufacturing or printed circuit board sectors.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of the executive's direct holdings, but it is a routine transaction for tax purposes and is unlikely to have a significant impact on the company's stock price or investor sentiment.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

TTM Technologies, TTMI, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Liability, 10b5-1 Plan, Executive Compensation