Form 4: TTM Technologies Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Shawn A. Powers, EVP of Human Resources at TTM Technologies, sold 14,234 shares to cover tax liabilities related to vesting RSUs.
Summary
- On June 24, 2024, Shawn A. Powers, the EVP of Human Resources at TTM Technologies Inc. (TTMI), sold 14,234 shares of common stock.
- The sale was executed to cover the tax liability associated with the vesting of Restricted Stock Units (RSUs).
- The shares were sold at a weighted average price of $18.9865 per share, with individual transactions ranging from $18.73 to $19.32.
- Following the transaction, Powers directly owns 108,741 shares of TTM Technologies Inc.
- The sale was conducted under a pre-arranged 10b5-1 Sales Plan.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, especially when related to the vesting of stock options or RSUs. These sales are often planned in advance under 10b5-1 plans to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| 06/24/2024 | Date of the stock sale transaction. |
| 06/26/2024 | Date of the report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.