TTM Tech Executive Offloads 9,571 Shares Following RSU Vesting
Rhea-AI Filing Summary
TTM Technologies SVP of Information Technology Dale Martin Knecht reported a significant insider transaction on June 23, 2025. The executive disposed of 9,571 shares of Common Stock at a weighted average price of $36.32 per share, with prices ranging from $35.69 to $36.87.
Key transaction details:
- The sale was executed under a pre-arranged 10b5-1 Sales Plan
- Purpose: To cover tax liability from vesting Restricted Stock Units (RSUs)
- Following the transaction, Knecht retains beneficial ownership of 57,973 shares
- All shares are held in direct ownership
This transaction appears to be a routine tax-related sale rather than a discretionary divestment, suggesting no significant change in the executive's long-term position in the company.
Positive
- The transaction was executed according to a pre-planned 10b5-1 Sales Plan, demonstrating good corporate governance and compliance
- The insider (SVP Information Technology) still maintains significant ownership with 57,973 shares after the transaction
Negative
- SVP Information Technology Dale Martin Knecht sold 9,571 shares at an average price of $36.32
- The sale was relatively large, representing approximately 14.2% of the insider's holdings
Insider Trade Summary
Net Seller: 9,571 shares
Net Sell
1 txn
Insider
Knecht Dale Martin
Role
SVP Information Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,571 | $36.3171 | $348K |
Holdings After Transaction:
Common Stock — 57,973 shares (Direct)
Footnotes (2)
- F1. Represents the sale of shares, pursuant to a 10b5-1 Sales Plan, to pay the tax liability incident to the vesting of RSUs.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.69 - $36.87, 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.