Form 4: TTMI Officer Sells Shares for Tax Liability

A TTM Technologies officer sold 456 shares of common stock at $45.45 per share to cover tax liabilities from vested restricted stock units.

Summary

• Steven Spoto, President of A&D Integrated Electronics at TTM Technologies Inc. (TTMI), reported a sale of common stock.
• The transaction involved the disposition of 456 shares of common stock.
• The sale occurred on August 11, 2025, at a price of $45.45 per share.
• The sale was executed pursuant to a Rule 10b5-1 Sales Plan.
• The purpose of the sale was to pay the tax liability incident to the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Steven Spoto directly beneficially owns 32,133 shares of common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider transaction for tax purposes, which is neutral in terms of company sentiment. It does not indicate positive or negative sentiment about the company's prospects.

Positives

• The transaction was conducted under a Rule 10b5-1 plan, indicating a pre-scheduled and automated sale, which reduces concerns about discretionary insider selling based on non-public information.

Negatives

• The sale represents a reduction in direct beneficial ownership by a key officer, though it is for a specific tax purpose.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, which is common across all industries when executives receive equity compensation like Restricted Stock Units (RSUs). It does not provide insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The sale of a small number of shares by an officer for tax purposes is a routine event and is unlikely to have a significant impact on existing shareholders or the company's stock price.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

TTM Technologies, TTMI, Insider Trading, Form 4, Stock Sale, Restricted Stock Units, 10b5-1 Plan, Officer Transaction, Tax Liability