Form 4: TTM Technologies Officer Sells Shares to Cover Tax Liability from RSU Vesting
Insider Transaction Report
Robert P. Farrell, President C&C of TTM Technologies Inc., sold 2,930 shares of common stock for tax purposes related to RSU vesting.
Summary
- Robert P. Farrell, President C&C and a Director of TTM Technologies Inc. (TTMI), reported a transaction on June 23, 2025.
- He disposed of 2,930 shares of TTMI common stock.
- The sale was executed at a weighted average price of $36.3463 per share, with individual transactions ranging from $35.64 to $36.97.
- The purpose of the sale was to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
- This transaction was conducted under a Rule 10b5-1 sales plan.
- Following this transaction, Mr. Farrell beneficially owns 18,368 shares of TTMI common stock directly.
Sentiment
Score: 5
Explanation: The transaction is neutral as it's a routine, tax-related sale of shares by an insider, which is a common occurrence and not indicative of a change in confidence or company performance.
Positives
- The sale was for tax liability incident to the vesting of RSUs, indicating that the executive's equity compensation has vested, which is a positive for the executive.
- The transaction was conducted under a Rule 10b5-1 plan, demonstrating pre-planned and compliant insider trading practices.
Negatives
- A reduction in direct beneficial ownership by a key executive, though for a routine tax purpose.
Future Outlook
The document does not provide any forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide information relevant to broader industry trends or competitive analysis for the electronics manufacturing services or printed circuit board industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | 06/23/2025 | Indicates adherence to pre-planned trading rules, reducing concerns about opportunistic insider trading. |
Stakeholder Impact
- Shareholders: A minor reduction in insider ownership, but for a routine tax purpose, so minimal impact on shareholder confidence.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 06/23/2025 | Date of earliest transaction (sale of shares) |
| 06/24/2025 | Date of Form 4 filing |
Keywords
TTM Technologies, TTMI, Form 4, Insider Trading, Robert P. Farrell, Stock Sale, RSU Vesting, 10b5-1 Plan, Officer Transaction, Equity Compensation
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