TTM Tech CFO's Stock Sale Tied to RSU Tax Payment - Retains 54,226 Shares
Rhea-AI Filing Summary
TTM Technologies EVP and CFO Daniel L. Boehle reported a transaction dated June 23, 2025, involving the disposition of 6,260 shares of common stock at a weighted average price of $36.4027 per share. The shares were sold through a 10b5-1 Sales Plan specifically to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).
Following the transaction, Boehle retains direct beneficial ownership of 54,226 shares. The sales were executed across multiple transactions with prices ranging from $35.76 to $36.92 per share.
- Transaction Code: F (Payment of exercise price or tax liability using portion of securities received)
- Transaction was made pursuant to a pre-planned 10b5-1 trading plan
- Filing was completed on June 24, 2025, within the required reporting timeline
Positive
- The transaction was executed according to a pre-planned 10b5-1 Sales Plan, demonstrating good corporate governance and compliance
- EVP and CFO Daniel Boehle still maintains significant ownership with 54,226 shares after the transaction, showing continued alignment with shareholder interests
Negative
- EVP and CFO Daniel Boehle disposed of 6,260 shares at an average price of $36.40, though this was specifically to cover tax obligations from RSU vesting
- The sale price range of $35.76 - $36.92 indicates some price volatility during the execution period
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,260 | $36.4027 | $228K |
Footnotes (1)
- Represents the sale of shares, pursuant to a 10b5-1 Sales Plan, to pay the tax liability incident to the vesting of RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.76 - $36.92, 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.
FAQ
What was the purpose of TTMI CFO's stock sale in June 2025?
Was TTMI CFO Boehle's June 2025 stock sale made under a 10b5-1 trading plan?