Form 4: TTM Technologies Officer Douglas L. Soder Sells Shares Under 10b5-1 Plan

Douglas L. Soder, an officer of TTM Technologies, sold 22,400 shares of common stock at a weighted average price of $19.0505 per share on June 20, 2024, under a pre-arranged 10b5-1 sales plan.

Summary

• On June 20, 2024, Douglas L. Soder, an officer of TTM Technologies Inc. (TTMI), sold 22,400 shares of the company's common stock.
• The sale was executed under a pre-arranged 10b5-1 sales plan.
• The shares were sold at a weighted average price of $19.0505, with individual transaction prices ranging from $19.00 to $19.19.
• Following the transaction, Soder directly owns 214,574 shares of TTM Technologies.
• The reporting person has undertaken to provide full information regarding the number of shares sold at each separate price within the specified range upon request.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an officer under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company officers are a normal part of corporate governance. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by an officer could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates