Form 4: TTM Technologies Officer Sells Shares to Cover Tax Obligations

Tom Clapprood, President of A&D Radar Systems at TTM Technologies, sold shares to cover tax liabilities related to vesting RSUs.

Summary

• On June 24, 2024, Tom Clapprood, President of A&D Radar Systems at TTM Technologies Inc., sold 3,055 shares of common stock.
• The sale was executed at a weighted average price of $18.999 per share, with individual transactions ranging from $18.72 to $19.29.
• This transaction was made pursuant to a pre-arranged 10b5-1 sales plan to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Clapprood directly owns 54,335 shares of TTM Technologies Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It's common for executives to sell shares to cover tax obligations related to vesting equity compensation. The use of a 10b5-1 plan suggests the transaction was 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 is unlikely to have a significant effect given the routine nature of the transaction.

Key Dates