TTM Tech President Offloads Shares to Cover RSU Tax Payment
Rhea-AI Filing Summary
TTM Technologies (TTMI) insider Tom Clapprood, President of A&D Interconnect Solutions, reported a Form 4 filing on June 24, 2025, disclosing a transaction from June 23, 2025. The insider:
- Disposed of 3,364 shares of Common Stock at a weighted average price of $36.3516 per share
- The sale was executed through a 10b5-1 Sales Plan specifically to cover tax liabilities related to RSU vesting
- Transaction prices ranged from $35.69 to $36.97
- Following the transaction, Clapprood directly owns 30,673 shares
The transaction was executed under the "F" code, indicating a payment of exercise price or tax liability using company stock. The filing was signed by Daniel J. Weber as attorney-in-fact.
Positive
- The insider transaction was executed according to a pre-planned 10b5-1 Sales Plan, indicating compliance with regulatory requirements
- The insider (Tom Clapprood) still maintains a significant position of 30,673 shares after the transaction, showing continued alignment with shareholder interests
Negative
- The President of A&D Interconnect Solutions sold 3,364 shares at an average price of $36.35, though this was specifically for tax liability purposes
- The sale price range of $35.69-$36.97 indicates some price volatility during the execution of the trades
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,364 | $36.3516 | $122K |
Footnotes (1)
- Represents the sale of shares, pursuant to a 10b5-1 Sales Plan, to pay the tax liability incident to the vesting of RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.69 - $36.97, inclusive. The reporting person undertakes to provide to TTM Technologies, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
FAQ
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