TTM Technologies Form 4: CFO Receives Equity Award, No Shares Sold

Rhea-AI Filing Summary

Form 4 snapshot – TTM Technologies Inc. (TTMI): EVP & CFO Daniel L. Boehle reported the grant of 22,986 restricted stock units (RSUs) on 24 Jun 2025. The RSUs carry a $0.00 acquisition price and will vest in three equal tranches on the first, second and third anniversaries of the grant date. Following the award, Boehle’s aggregate beneficial ownership rises to 77,212 TTMI common shares, all held directly. No open-market purchase or sale was disclosed, and no derivative transactions were reported beyond the RSU grant.

The filing is a routine equity-based compensation event designed to align executive interests with shareholders. It does not signal any change in corporate strategy, financial outlook, or capital structure.

Positive

• Insider alignment: CFO acquired 22,986 RSUs, increasing ownership to 77,212 shares, reinforcing long-term incentive alignment.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU grant; minor alignment benefit, no market-moving data.

The $0-cost award of 22,986 RSUs to the CFO modestly lifts insider ownership but constitutes standard annual compensation. With vesting spread over three years, immediate dilution is negligible. No cash outlay or sale occurred, so liquidity signals are neutral. The disclosure does not alter the investment thesis or forward earnings outlook for TTMI.

Corporate Governance Expert

TL;DR: Governance-friendly equity incentive; immaterial impact.

Time-based RSUs encourage retention and long-term focus, aligning Boehle’s incentives with shareholder value creation. Grant size (≈0.08% of 96 m shares outstanding) is well within typical peer norms. No red flags regarding accelerated vesting or unusual terms are present. From a governance perspective, the filing is neutral-to-positive but not materially impactful for investors.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BOEHLE DANIEL L.

(Last) (First) (Middle)

200 EAST SANDPOINTE, SUITE 400

(Street)

SANTA ANA CA 92707

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TTM TECHNOLOGIES INC [ TTMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		A		22,986(1)	A	$0.00	77,212	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Daniel J. Weber, Attorney-in-Fact	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did TTMI's Form 4 filed on 25 Jun 2025 disclose?

An award of 22,986 RSUs to EVP & CFO Daniel L. Boehle, with vesting over three years.

Did the TTMI insider buy or sell shares on the open market?

No. The transaction code "A" shows a $0.00-price RSU grant, not an open-market trade.

How many TTMI shares does the CFO now own?

After the grant, Daniel L. Boehle beneficially owns 77,212 common shares.

When will the granted RSUs vest?

The RSUs vest in three equal annual installments on each anniversary of 24 Jun 2025.

Is this Form 4 likely to impact TTMI's stock price?

Unlikely. The filing reflects routine executive compensation without material financial implications.