Form 4: TTM Technologies SVP Knecht Receives Stock Grant

Dale Martin Knecht, SVP of Information Technology at TTM Technologies, acquired 20,569 shares of common stock through a restricted stock unit grant.

Summary

• On June 21, 2024, Dale Martin Knecht, SVP of Information Technology at TTM Technologies, acquired 20,569 shares of common stock.
• The acquisition was a grant of restricted stock units (RSUs).
• Each RSU represents the contingent right to receive one share of TTM Technologies' common stock.
• The RSUs vest in three equal installments on the first, second, and third anniversaries of the grant date.
• The stock underlying the vested units will be delivered within 30 days of June 22 of each year.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The executive will receive shares of TTM Technologies' common stock as the restricted stock units vest over the next three years.

Industry Context

Stock grants are a common form of executive compensation in the technology industry, used to incentivize performance and retain key personnel.

Comparison to Industry Standards

• Executive compensation packages, including stock grants, vary widely across the technology industry depending on company size, performance, and individual roles.
• Comparing Knecht's stock grant to those of executives at similar companies like Sanmina or Flex could provide a benchmark for assessing its relative value.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholders by aligning executive incentives with company performance.
• The grant incentivizes the executive to remain with the company and contribute to its success, which benefits employees and other stakeholders.

Key Dates