TTM Technologies Insider Gift: 250 Shares Transferred by EVP Shawn Powers
Rhea-AI Filing Summary
Shawn A. Powers, listed as an executive (EVP, Human Resources) and director-related reporting person of TTM Technologies Inc. (TTMI), reported a single non-derivative transaction dated 08/21/2025. The filing shows a disposition of 250 shares of common stock with a reported price of $0.00. The explanatory note states these shares were transferred to a non-for-profit charity for no consideration. After the transaction, Mr. Powers is shown as beneficially owning 108,104 shares directly. The form is signed by an attorney-in-fact on 08/22/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Small, non-compensatory gift by an insider; immaterial to company valuation.
The 250-share disposition at $0.00 is described as a charitable transfer and does not reflect a sale for cash or hedging activity. Given the post-transaction direct ownership of 108,104 shares, this transaction represents a very small percentage of insider holdings and is unlikely to signal a change in insider sentiment or materially affect TTMI's share capital structure. No derivative activity or planned trading program is indicated.
TL;DR: Routine reporting of a philanthropic transfer; compliant disclosure under Section 16.
The Form 4 properly discloses the transfer and includes an explanatory footnote that the transfer was to a non-for-profit for no consideration. The filing is timely and executed by an attorney-in-fact. From a governance perspective, such charitable gifts by officers are common and do not raise immediate concerns about insider trading or conflicts, absent other undisclosed transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 250 | $0.00 | -- |
Footnotes (1)
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