TTMI Executive Granted Stock Awards Worth Over $470,000 at Current Price
Rhea-AI Filing Summary
TTM Technologies (NASDAQ:TTMI) SVP of Information Technology Dale Martin Knecht reported two insider transactions on June 24, 2025. The executive was granted 12,770 restricted stock units (RSUs) that vest over three years, with one-third vesting annually starting from the grant date. Additionally, Knecht sold 3,309 shares at $37.08 per share under a pre-arranged 10b5-1 trading plan. Following these transactions, Knecht holds 67,434 shares directly.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine executive compensation grant paired with planned share sale under 10b5-1 plan indicates normal insider activity.
The reported transactions follow a typical executive compensation pattern. The RSU grant appears to be part of the company's regular equity compensation program, with a standard three-year vesting schedule that promotes long-term retention. The simultaneous sale of shares under a 10b5-1 plan represents less than 5% of the executive's total holdings, suggesting this is likely for personal financial planning rather than a significant shift in insider confidence. The sale price of $37.08 and the maintenance of a substantial position (67,434 shares) demonstrates continued alignment with shareholder interests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,770 | $0.00 | -- |
| Sale | Common Stock | 3,309 | $37.08 | $123K |
Footnotes (1)
- First reporting line 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. Second reporting line represents the sale of shares sold pursuant to a 10b5-1 Sales Plan. The price reported in Column 4 is single print.
FAQ
How many RSUs did TTM Technologies' SVP receive in the latest grant?
What is the vesting schedule for the new RSU grant at TTMI?