TTM Technologies Insider Award: 19,449 RSUs Granted to EVP Gridley

Rhea-AI Filing Summary

TTM Technologies Inc. (TTMI) filed a Form 4 disclosing an equity award to executive Catherine A. Gridley, EVP & A&D Sector President. On 06/24/2025 she received 19,449 restricted stock units (RSUs) at a grant price of $0.00. Each RSU converts into one common share, vesting in three equal tranches on the first, second and third anniversaries of the grant date, with settlement within 30 days of 24 June each year.

Following the award, Gridley’s direct beneficial ownership rises to 126,986 common shares. No derivative securities were reported, and there were no dispositions, sales or open-market purchases—only the incentive grant. The filing was signed by attorney-in-fact Daniel J. Weber on 06/25/2025.

The transaction aligns executive compensation with shareholder interests, but the share count represents less than 0.1 % of TTMI’s ~100 million basic shares outstanding, implying an immaterial dilution effect. Investors typically view routine incentive grants as neutral unless they signal changing compensation structures or unusual volumes.

Positive

• Enhanced ownership alignment: Executive’s stake increases to 126,986 shares, reinforcing long-term shareholder alignment.

Negative

• Minor dilution: New RSUs add shares to the equity pool, though impact is immaterial (<0.1 % of shares outstanding).

Insights

Corporate Governance Analyst

TL;DR: Routine RSU grant; negligible dilution and neutral governance impact.

The Form 4 reflects a standard long-term incentive award to the EVP leading TTMI’s Aerospace & Defense segment. The 19,449-share grant increases insider ownership but is quantitatively insignificant relative to TTMI’s float. Vesting over three years encourages retention and long-term performance alignment, consistent with typical mid-cap tech governance practices. No sales accompany the award, so there is no immediate signal on executive sentiment. Given the nominal size (<$0.3 m at recent prices) and absence of market purchases or dispositions, I classify the filing as governance-neutral with minimal market impact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gridley Catherine A

(Last) (First) (Middle)

200 EAST SANDPOINTE

SUITE 400

(Street)

SANTA ANA CA 92707

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TTM TECHNOLOGIES INC [ TTMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, A&D Sector President

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		A		19,449(1)	A	$0.00	126,986	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the grant of restricted stock units. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. The restricted stock units will vest one-third on the first, second and third anniversaries of the date of grant and the stock underlying the restricted units will be delivered on or within 30 days of June 24 of each year

	/s/ Daniel J. Weber, Attorney-in-Fact	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did TTMI disclose in its June 2025 Form 4 filing?

TTMI reported granting 19,449 RSUs to EVP Catherine A. Gridley on 06/24/2025.

How many TTMI shares does Catherine Gridley now own?

Following the grant, she beneficially owns 126,986 common shares, held directly.

When will the awarded RSUs vest?

The RSUs vest in three equal installments on the first, second and third anniversaries of the 06/24/2025 grant date.

Does this Form 4 filing indicate any insider selling at TTMI?

No. The filing reports only an equity grant; there were no sales or dispositions.

Will the RSU grant materially dilute existing TTMI shareholders?

Dilution is immaterial, well below 0.1 % of total shares outstanding.