Form 4: TTM Technologies Officer Sells Shares for Tax Liability

TTM Technologies' President of A&D Interconnect Solutions, Tom Clapprood, sold 297 shares of common stock to cover tax obligations from RSU vesting.

Summary

• Tom Clapprood, President of A&D Interconnect Solutions at TTM Technologies Inc. (TTMI), reported a transaction involving the disposition of common stock.
• He sold 297 shares of TTM Technologies common stock on November 17, 2025.
• The shares were sold at a weighted average price of $66.9818 per share, with individual transaction prices ranging from $66.98 to $66.9818.
• The sale was conducted pursuant to a Rule 10b5-1 sales plan, specifically to satisfy tax liabilities incurred from the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Clapprood directly beneficially owns 23,234 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine sale of shares by an officer to cover tax liabilities associated with RSU vesting, executed under a Rule 10b5-1 plan. This is a common and expected event and does not reflect a change in the company's operational performance or strategic direction.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates that performance or time-based conditions were met, leading to compensation for the executive.

Negatives

• The sale of 297 shares by an officer, while for tax purposes, reduces the officer's direct equity stake in the company.

Risks

• NA

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide information directly related to broader industry trends or competitive landscape.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• The impact on shareholders is minimal as the sale of 297 shares represents a very small fraction of the company's outstanding stock and is a routine event for tax purposes related to executive compensation.

Next Steps

• NA

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned sale of shares by an executive to cover tax obligations arising from RSU vesting. Such transactions are common and typically do not indicate a change in the company's fundamental performance or the executive's confidence. Therefore, it provides no new information that would warrant a change in investment recommendation; a 'hold' stance is maintained based on existing company fundamentals.

Keywords

TTM Technologies, TTMI, Form 4, insider trading, stock sale, RSU, restricted stock units, executive compensation, 10b5-1 plan, Clapprood Tom