Form 4: TTM Technologies SVP Sells Shares to Cover Tax Obligations After RSU Vesting

Dale Martin Knecht, SVP of Information Technology at TTM Technologies, sold shares to cover tax liabilities following the vesting of performance-based restricted stock units.

Summary

• On February 11, 2025, Dale Martin Knecht, SVP of Information Technology at TTM Technologies, had 17,481 shares of common stock vest as part of performance-based restricted stock units (RSUs) granted on June 22, 2022.
• Following this transaction, Knecht directly owned 98,873 shares of TTM Technologies common stock.
• On February 12, 2025, Knecht sold 8,679 shares of common stock at a weighted average price of $25.5505 per share to cover the tax liability associated with the RSU vesting.
• The sales were executed under a pre-arranged 10b5-1 sales plan.
• After the sale, Knecht directly owned 90,194 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are routine disclosures of stock transactions by company insiders, providing transparency to investors. Sales to cover tax obligations are common after RSU vesting.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to be significant given the context of tax obligations.

Key Dates