Form 4: TTM Technologies Executive Shawn A. Powers Reports Acquisition of Restricted Stock Units

Shawn A. Powers, EVP of Human Resources at TTM Technologies, reports the acquisition of 28,481 restricted stock units.

Summary

• On June 21, 2024, Shawn A. Powers, EVP of Human Resources at TTM Technologies, acquired 28,481 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted at a price of $0.000.
• Following this transaction, Powers directly owns 122,975 shares of TTM Technologies common stock.
• The restricted stock units vest in three equal installments on the first, second, and third anniversaries of the grant date, with stock delivery within 30 days of June 22 of each year.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units by an executive is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of restricted stock units by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock units will vest one-third on the first, second and third anniversaries of the date of grant and the stock underlying the restricted units will be delivered on or within 30 days of June 22 of each year.

Industry Context

Executive compensation in the technology industry often includes stock options and restricted stock units to align management's interests with those of shareholders. This Form 4 filing is a routine disclosure of such compensation.

Comparison to Industry Standards

• Granting restricted stock units is a common practice among publicly traded companies to incentivize executives.
• The vesting schedule of one-third annually is a typical vesting arrangement.
• Comparing the size of the grant to similar grants at peer companies like Sanmina or Flex could provide further context.

Stakeholder Impact

• The acquisition of restricted stock units by an executive can have a minor positive impact on shareholder sentiment.

Key Dates