Form 4: TTM Technologies Executive Sells Shares Under 10b5-1 Plan

Robert P. Farrell, President C&C at TTM Technologies Inc., sold a total of 2,300 shares of common stock on June 23, 2026, under a pre-arranged 10b5-1 trading plan to cover tax liabilities from RSU vesting.

Summary

• Robert P. Farrell, President C&C of TTM Technologies Inc., executed a series of stock sales on June 23, 2026.
• These transactions involved the disposal of a total of 2,300 shares of common stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 25th, 2026.
• The primary purpose of these sales was to cover the tax liability arising from the vesting of Restricted Stock Units (RSUs).
• The sales occurred at a weighted average price, with individual transactions ranging from $201.89 to $213.73.
• Following these transactions, Mr. Farrell's beneficial ownership of TTM Technologies common stock decreased.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral; the sales are routine and executed under a pre-established plan to manage tax obligations, rather than indicating a negative outlook on the company's performance.

Negatives

• Executive selling shares, although for tax purposes, can sometimes be perceived negatively by the market.

Risks

• The filing does not explicitly mention any new or emerging risks.
• The sale of shares by an executive could be interpreted as a lack of confidence, though the stated reason is tax liability.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• The sales were made pursuant to a 10b5-1 trading plan adopted on February 25th, 2026, solely to pay the tax liability incident to the vesting of RSUs.
• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request.

Industry Context

StockSavvy.ai notes that insider sales, particularly those under a 10b5-1 plan to cover tax liabilities from equity awards, are common within the technology sector as compensation structures often involve stock-based incentives.

Stakeholder Impact

• Shareholders: The sale of shares by an executive, even for tax reasons, might lead to minor short-term market fluctuations or investor scrutiny, though the 10b5-1 plan mitigates concerns about opportunistic selling.
• Employees: The transaction highlights the company's use of RSUs as part of its compensation strategy, which is a common practice.

Next Steps

• The reporting person may be required to provide further details on specific sale prices upon request from the company, security holders, or the SEC staff.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Insider Trading, Stock Sale, 10b5-1 Plan, RSU Vesting, Robert P. Farrell, Executive Compensation, Beneficial Ownership