Form 4: TTM Technologies Inc. Executive Romo Elizabeth Reports Acquisition of Restricted Stock Units

Elizabeth Romo, Chief Accounting Officer of TTM Technologies Inc., reports the acquisition of 6,799 restricted stock units.

Summary

• On February 11, 2025, Elizabeth Romo, the Chief Accounting Officer of TTM Technologies Inc., acquired 6,799 restricted stock units.
• Each restricted stock unit represents the contingent right to receive one share of TTM Technologies Inc.'s common stock.
• The restricted stock units will vest in three equal installments on the first, second, and third anniversaries of the grant date.
• The stock underlying the restricted units will be delivered on or within 30 days of February 11 of each vesting year.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of restricted stock units is a standard practice and indicates confidence in the company's future performance.

Positives

• The acquisition of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The vesting schedule of the restricted stock units extends over three years, indicating a long-term commitment from the executive.

Industry Context

Granting restricted stock units is a common practice in the technology industry to attract, retain, and incentivize key executives.

Comparison to Industry Standards

• Many technology companies, such as Intel, AMD, and Nvidia, use restricted stock units as part of their executive compensation packages.
• The vesting schedules and grant sizes are typically benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively, as it aligns management's interests with the company's long-term success.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

TTM Technologies, restricted stock units, Form 4, insider trading, executive compensation, Elizabeth Romo, Chief Accounting Officer, equity