Form 4: TTM Technologies SVP Sells Shares for Tax Liability

TTM Technologies' SVP of Information Technology, Dale Martin Knecht, sold 13,411 shares of common stock to cover tax obligations from vested Performance RSUs.

Summary

• Dale Martin Knecht, SVP Information Technology at TTM Technologies Inc. (TTMI), reported a transaction on February 13, 2026.
• Knecht disposed of 13,411 shares of common stock at a price of $93.1158 per share.
• The sale was conducted to satisfy tax liabilities arising from the vesting of Performance Restricted Stock Units (RSUs).
• Following this transaction, Knecht directly beneficially owns 75,104 shares of TTM Technologies common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine insider transaction for tax purposes related to RSU vesting, which is common for executives and often pre-planned, thus having a neutral to slightly positive implication due to the 10b5-1 plan.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged and scheduled sale, which can reduce concerns about opportunistic selling.

Negatives

• An insider sale, even for tax purposes, reduces the direct ownership stake of a senior executive.

Future Outlook

N/A

Industry Context

StockSavvy.ai notes that insider sales for tax purposes related to RSU vesting are common and generally not indicative of a change in management's outlook on the company's future performance. Such transactions are often pre-scheduled under 10b5-1 plans to manage tax liabilities associated with equity compensation.

Stakeholder Impact

• Shareholders: Slight reduction in direct insider ownership, but for a routine, tax-related reason, which is generally not a cause for concern.

Key Dates

Recommendation

The filing details a routine insider sale for tax purposes related to RSU vesting, executed under a 10b5-1 plan. This type of transaction is common and typically does not signal a change in the company's fundamentals or management's confidence. Therefore, it does not warrant a change in investment thesis, suggesting a 'hold' recommendation.

Keywords

TTM Technologies, TTMI, Insider Trading, Form 4, Stock Sale, Executive Compensation, RSU Vesting, Dale Martin Knecht, SVP Information Technology