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

Robert P. Farrell, President C&C of TTM Technologies, sold shares to cover tax liabilities and for cash following the vesting of Restricted Stock Units (RSUs).

Summary

• Robert P. Farrell, President C&C of TTM Technologies, executed two transactions involving the company's common stock on November 18, 2024.
• The first transaction involved the sale of 296 shares at a price of $23.24 per share to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs).
• The second transaction involved the sale of 644 shares at a price of $23.24 per share to generate cash, also related to the vesting of RSUs.
• Following these transactions, Mr. Farrell directly owns 22,018 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations and for cash are a common practice across publicly traded companies.
• The use of a 10b5-1 trading plan is a standard method for executives to sell shares without being accused of insider trading.
• Companies like Flex, Jabil, and Sanmina also have executives who regularly file Form 4s for similar transactions.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and related to executive compensation.

Key Dates

Keywords

TTM Technologies, Robert P. Farrell, insider trading, Form 4, stock sale, RSU, 10b5-1 plan, executive compensation