Form 4: TTM Technologies Insider Sells Shares

TTM Technologies President C&C, Robert P. Farrell, sold 940 shares of common stock at $66.98 per share, primarily to cover tax liabilities and for cash following RSU vesting.

Summary

• Robert P. Farrell, President C&C of TTM Technologies Inc. (TTMI), reported two transactions involving the sale of common stock.
• On November 17, 2025, Farrell sold 297 shares of common stock at a price of $66.98 per share to satisfy tax liabilities related to the vesting of Restricted Stock Units (RSUs).
• On the same date, Farrell sold an additional 643 shares of common stock at $66.98 per share for cash, also incident to the vesting of RSUs.
• Both sales were conducted pursuant to a Rule 10b5-1 sales plan.
• Following these transactions, Farrell beneficially owns 19,406 shares of TTM Technologies common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The sales are routine transactions under a 10b5-1 plan, primarily to cover tax obligations and for cash following RSU vesting, which is a common practice for executives and does not typically signal a change in company fundamentals or management's outlook.

Negatives

• The transactions represent a reduction in direct beneficial ownership by a key executive, though the stated reasons are routine.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Management Comments

• The sale of 297 shares was made to pay the tax liability incident to the vesting of RSUs.
• The sale of 643 shares was made to sell shares for cash incident to the vesting of RSUs.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but the routine nature of the sales (tax and cash from RSU vesting) suggests minimal impact on investor confidence.

Key Dates

Recommendation

The filing reports routine insider sales under a 10b5-1 plan, primarily for tax obligations and cash following RSU vesting. This type of transaction is common and does not typically indicate a change in management's outlook on the company's fundamentals, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

TTM Technologies, TTMI, Insider Trading, Form 4, Stock Sale, RSU Vesting, 10b5-1 Plan, Executive Compensation