Form 4: TTM Technologies GC Vests 44,471 Shares

TTM Technologies' EVP and General Counsel, Daniel J. Weber, acquired 44,471 shares of common stock through the vesting of performance-based restricted stock units.

Summary

• Daniel J. Weber, EVP, General Counsel of TTM Technologies Inc. (TTMI), acquired 44,471 shares of common stock.
• The acquisition occurred on February 11, 2026, at a price of $0.00 per share.
• These shares were released in connection with the vesting of performance-based restricted stock units (RSUs) that were granted on June 22, 2023.
• Following this transaction, Mr. Weber beneficially owns 126,411 shares of TTM Technologies common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine, slightly positive event, reflecting the successful vesting of performance-based compensation and increased insider ownership, which generally aligns management incentives with shareholder interests.

Positives

• Vesting of performance-based restricted stock units indicates that underlying performance targets were met, which is generally positive for the company.
• Increased insider ownership, even through vesting, aligns management's interests with those of shareholders.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the vesting of previously granted performance-based restricted stock units.

Industry Context

StockSavvy.ai notes that RSU vesting is a common form of executive compensation across various industries, particularly in technology and manufacturing sectors like TTM Technologies. It aligns executive incentives with long-term company performance and shareholder value creation.

Comparison to Industry Standards

• StockSavvy.ai observes that the vesting of performance-based restricted stock units is a standard practice in executive compensation across publicly traded companies.
• For instance, similar RSU vesting events are routinely reported by executives at comparable companies in the electronics manufacturing services (EMS) and printed circuit board (PCB) industries, such as Sanmina Corporation or Benchmark Electronics, reflecting a common approach to incentivizing long-term performance.

Stakeholder Impact

• Shareholders: The vesting of performance-based RSUs suggests that the company met certain performance targets, which is generally positive for shareholders. Increased insider ownership also aligns management's interests with shareholders.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event (RSU vesting) and does not provide new material information that would warrant a change in investment recommendation. It confirms that performance targets were met, which is a positive, but it's an expected outcome for such compensation structures. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals rather than this specific insider transaction.

Keywords

TTM Technologies, TTMI, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Daniel J. Weber, Beneficial Ownership