TTM Technologies (TTMI) CAO Romo receives 2,417 RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TTM Technologies reported that Chief Accounting Officer Elizabeth Romo received an equity award of 2,417 shares of common stock in the form of restricted stock units. These compensation-related shares were acquired at no cash price and increase her direct holdings to 14,212 shares.
The restricted stock units vest in three equal installments, with one-third vesting on each of 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 of each vesting year.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Romo Elizabeth
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,417 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,212 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant: 2,417 shares
Post-transaction holdings: 14,212 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant
2,417 shares
Restricted stock units of common stock granted on June 24
Post-transaction holdings
14,212 shares
Direct common stock held after the reported grant
Grant price
$0.00 per share
Reported transaction price for the RSU acquisition
Vesting schedule
1/3 per year over 3 years
Vests on first, second, and third anniversaries of June 24
Key Terms
restricted stock units, contingent right, vest, transaction code A
4 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.
contingent right financial
"Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock"
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.
transaction code A regulatory
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did TTM Technologies (TTMI) report for Elizabeth Romo?
TTM Technologies reported that Chief Accounting Officer Elizabeth Romo received 2,417 restricted stock units of common stock as a compensation grant. These units were acquired at no cash cost and increased her direct holdings to 14,212 common shares after the transaction.
What type of equity award did TTM Technologies (TTMI) grant to Elizabeth Romo?
Elizabeth Romo received an award of 2,417 restricted stock units, each representing a contingent right to one share of TTM Technologies common stock. The grant is a compensation-related acquisition, not an open-market purchase, and is reported under transaction code A on the Form 4.
How do Elizabeth Romo’s TTM Technologies (TTMI) restricted stock units vest?
The 2,417 restricted stock units vest in three equal parts over three years. One-third vests on each of the first, second, and third anniversaries of the June 24 grant date, with shares delivered on or within 30 days of June 24 each year.