TTM Technologies (TTMI) EVP receives 5,263 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Soder Douglas L reported acquisition or exercise transactions in this Form 4 filing.
TTM Technologies executive Douglas L. Soder received a grant of 5,263 restricted stock units of common stock, provided as compensation at no cash cost per share. These units vest in three equal installments on the first, second, and third anniversaries of the June 24 grant date, increasing his direct holdings to 213,508 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Soder Douglas L
Role
EVP, Commercial Sector Pres.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,263 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 213,508 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 5,263 units
Grant price per share: $0.00 per share
Post-transaction holdings: 213,508 shares
+1 more
4 metrics
RSU grant size
5,263 units
Restricted stock units granted June 24
Grant price per share
$0.00 per share
Compensation grant, no purchase
Post-transaction holdings
213,508 shares
Common stock held directly after grant
Vesting schedule
One-third each year
First, second and third anniversaries of June 24 grant
Key Terms
restricted stock units, vest, grant, award, or other acquisition
3 terms
restricted stock units financial
"Reflects the grant of restricted stock units. Each restricted stock unit represents the contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"The restricted stock units will vest one-third on the first, second and third anniversaries of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did TTMI executive Douglas Soder report?
Douglas L. Soder reported receiving 5,263 restricted stock units of TTM Technologies common stock as a compensation grant. The award carries no cash purchase price and increases his directly held position to 213,508 shares after the transaction.
What are the vesting terms of Douglas Soder’s new TTMI restricted stock units?
The 5,263 restricted stock units vest in three equal installments on the first, second, and third anniversaries of the June 24 grant date. Shares underlying vested units will be delivered on or within 30 days of June 24 in each applicable year.
What role does Douglas Soder hold at TTM Technologies (TTMI)?
Douglas L. Soder serves as Executive Vice President and Commercial Sector President at TTM Technologies. The Form 4 reflects an equity compensation grant tied to this executive role, structured as time-vested restricted stock units of common stock.