Form 4: TTM Technologies SVP Acquires Restricted Stock Units, Sells Shares Under 10b5-1 Plan

Dale Martin Knecht, SVP of Information Technology at TTM Technologies Inc., reported the acquisition of 12,770 restricted stock units and the sale of 3,309 common shares under a pre-arranged 10b5-1 plan.

Summary

• Dale Martin Knecht, the Senior Vice President of Information Technology at TTM Technologies Inc. (TTMI), reported recent stock transactions.
• On June 24, 2025, Mr. Knecht acquired 12,770 shares of common stock through a grant of restricted stock units (RSUs) at a price of $0.00 per share.
• These restricted stock units are scheduled to vest one-third on the first, second, and third anniversaries of the grant date, which is June 24.
• Concurrently, on June 24, 2025, Mr. Knecht disposed of 3,309 shares of common stock at a price of $37.08 per share.
• This sale was executed pursuant to a Rule 10b5-1 sales plan, indicating a pre-scheduled transaction.
• Following these transactions, Mr. Knecht's direct beneficial ownership in TTM Technologies Inc. stands at 67,434 shares.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive. The grant of restricted stock units is a positive sign of executive alignment with long-term company performance. The sale of shares, while a reduction in direct ownership, was conducted under a pre-arranged 10b5-1 plan, which mitigates negative interpretations typically associated with insider sales.

Positives

• The grant of 12,770 restricted stock units to a senior executive aligns management's long-term interests with those of shareholders, as the value of these units is tied to the company's stock performance.
• The sale of shares was conducted under a Rule 10b5-1 plan, which indicates a pre-arranged and systematic disposition of shares, reducing concerns about opportunistic insider trading.

Negatives

• A senior executive sold 3,309 shares of common stock, which represents a reduction in their direct equity stake, although this was part of a pre-scheduled plan.

Future Outlook

The restricted stock units granted will vest one-third on the first, second, and third anniversaries of the grant date (June 24, 2025), indicating future share deliveries to the executive.

Industry Context

This Form 4 filing details an executive's stock transactions, which are common occurrences across all publicly traded companies and do not inherently reflect broader industry trends. Such filings provide transparency into insider holdings and compensation practices.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive incentives with long-term shareholder value. The 10b5-1 sale is a routine transaction that provides transparency into executive stock management.

Next Steps

• The restricted stock units will vest one-third on the first, second, and third anniversaries of the grant date (June 24, 2025), leading to future share deliveries to the executive.

Key Dates

Recommendation

Keywords

SEC filing, Form 4, Insider transaction, TTM Technologies, TTMI, Restricted Stock Units, RSU grant, Stock sale, 10b5-1 plan, Executive compensation