TTM Tech General Counsel Executes Planned Stock Sale Following RSU Vesting
Rhea-AI Filing Summary
TTM Technologies EVP and General Counsel Daniel J. Weber reported a significant insider transaction on June 23, 2025. The transaction involved the disposition of 12,492 shares of Common Stock at a weighted average price of $36.33 per share, with actual prices ranging from $35.64 to $36.85.
Key details of the transaction:
- Transaction was executed under a 10b5-1 Sales Plan
- Shares were sold specifically to cover tax liability from vesting RSUs
- Following the transaction, Weber retains beneficial ownership of 62,491 shares
- All shares are held in direct ownership
This transaction appears to be a routine tax-related sale rather than a discretionary trading decision, as it was executed pursuant to a pre-established trading plan and specifically tied to RSU vesting obligations.
Positive
- The insider transaction was part of a planned 10b5-1 Sales Plan, indicating compliance with SEC regulations for insider trading
- The sale was specifically to cover tax liabilities from RSU vesting, not a discretionary sale, suggesting continued alignment with shareholder interests
- The EVP and General Counsel still maintains significant ownership with 62,491 shares after the transaction
Negative
- Insider sale of 12,492 shares at prices ranging from $35.64 to $36.85, with weighted average price of $36.33
- While tax-related, the sale still represents a reduction in insider ownership
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,492 | $36.3267 | $454K |
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 $35.64 - $36.85, 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 EVP Weber's stock sale in June 2025?
Was TTMI EVP Weber's June 2025 stock sale part of a pre-planned trading arrangement?