Form 4: TTM Technologies Insider Sells Shares for Tax Liability

Elizabeth Romo, Chief Accounting Officer at TTM Technologies, sold a total of 700 shares of common stock on June 25, 2026, to cover tax obligations related to Restricted Stock Units (RSUs).

Summary

• Elizabeth Romo, Chief Accounting Officer of TTM Technologies Inc., executed a series of stock sales on June 25, 2026.
• These transactions involved the disposal of 700 shares of common stock.
• The sales were conducted under a Rule 10b5-1 trading plan adopted on February 24th, 2026.
• The primary purpose of these sales was to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
• The sales occurred at prices ranging from $204.58 to $217.97 per share, with a total reported sale value of approximately $147,000.
• Following these transactions, Romo's beneficial ownership of TTM Technologies common stock decreased to 13,492 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sales are routine and executed under a pre-established plan to cover tax obligations, rather than indicating a negative view of the company's prospects by the insider.

Negatives

• Insider selling activity, even if for tax purposes, can sometimes be perceived negatively by the market.
• The total value of shares sold is substantial, indicating a significant tax liability.

Risks

• The sales are part of a pre-arranged 10b5-1 plan, mitigating immediate insider trading concerns, but the underlying reason for the tax liability (vesting RSUs) is a standard event.
• No specific future risks are detailed in this Form 4 filing.

Future Outlook

This filing does not contain forward-looking statements or guidance. It reports past transactions.

Industry Context

StockSavvy.ai notes that insider sales for tax withholding upon RSU vesting are common events in the technology sector. The prices at which these shares were sold reflect the current market valuation of TTM Technologies, Inc.

Stakeholder Impact

• Shareholders: The sale of shares by an executive may lead to short-term market perception shifts, though the reason for the sale is standard. The total number of shares outstanding remains largely unaffected by this specific transaction.
• Employees: The transaction highlights the compensation structure involving RSUs and the associated tax implications for executives.
• Creditors: No direct impact is expected.
• Suppliers: No direct impact is expected.

Next Steps

• Continued monitoring of insider trading activity for any further transactions.
• Analysis of TTM Technologies' upcoming financial reports for overall company performance.

Key Dates

Keywords

TTM Technologies, TTMI, Form 4, Insider Trading, Stock Sale, RSU Vesting, Tax Liability, 10b5-1 Plan, Elizabeth Romo, Chief Accounting Officer