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

Douglas L. Soder, EVP and President of TTM Technologies, sold shares to cover tax liabilities related to the vesting of Restricted Stock Units (RSUs).

Summary

• On June 24, 2024, Douglas L. Soder, an EVP and President at TTM Technologies Inc., sold 13,562 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 $18.9897.
• The prices for individual transactions ranged from $18.72 to $19.26.
• Following the transaction, Soder directly owns 229,493 shares of TTM Technologies Inc.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares for tax purposes) and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Executive stock sales are a common occurrence and are often related to compensation and tax planning. The sale itself doesn't necessarily indicate a negative outlook for the company, but it's important to monitor insider transactions in aggregate to gauge sentiment.

Stakeholder Impact

• The sale of shares by an executive could have a minor, short-term impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates