Form 4: TTM Technologies VP, Corporate Controller Sells Shares to Cover Tax Obligations and for Cash

Tony Sanchez, VP, Corporate Controller at TTM Technologies, sold shares to cover tax liabilities and for cash following the vesting of Restricted Stock Units (RSUs).

Summary

• Tony Sanchez, the VP, Corporate Controller of TTM Technologies, executed two transactions involving the company's common stock on February 3, 2025.
• The first transaction involved the sale of 139 shares at a price of $23.94 per share to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
• The second transaction involved the sale of 189 shares at a price of $23.94 per share for cash, also related to the vesting of RSUs.
• Following these transactions, Mr. Sanchez beneficially owns 21,174 shares of TTM Technologies common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by a company executive and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• The use of 10b5-1 plans for stock sales is a common practice among corporate executives to avoid accusations of insider trading.
• The sale of shares to cover tax liabilities associated with vesting RSUs is a standard practice.
• The volume of shares sold is relatively small compared to the total outstanding shares of the company, and is not unusual for a corporate controller.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

TTM Technologies, insider trading, Form 4, stock sale, Tony Sanchez, corporate controller, RSU, 10b5-1 plan