Form 4: TTM Technologies Executive Sells Shares to Cover Tax Obligations

Tom Clapprood, President of A&D Radar Systems at TTM Technologies, sold 298 shares of common stock to cover tax liabilities related to vesting of Restricted Stock Units (RSUs).

Summary

• Tom Clapprood, President of A&D Radar Systems at TTM Technologies, executed a sale of 298 shares of common stock on November 18, 2024.
• The sale was conducted to cover the tax obligations arising from the vesting of Restricted Stock Units (RSUs).
• The shares were sold at a price of $23.24 per share.
• Following the transaction, Mr. Clapprood directly owns 44,037 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale of 298 shares is a relatively small transaction and is not unusual for an executive at a company of TTM Technologies' size.
• Similar transactions are regularly reported by executives at companies like Flex, Jabil, and Sanmina, which are also in the electronics manufacturing services industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

TTM Technologies, Tom Clapprood, insider trading, Form 4, stock sale, RSU, tax liability, executive