TTM Technologies Insider Grant: 19.4K RSUs Awarded to EVP

Rhea-AI Filing Summary

TTM Technologies Inc. (TTMI) – Form 4 insider filing, 25 Jun 2025

Executive Vice President of Human Resources, Shawn A. Powers, reported the grant of 19,449 restricted stock units (RSUs) on 24 Jun 2025. The grant is coded “A” (acquisition) at a price of $0.00, indicating it is part of an equity-compensation award rather than an open-market purchase. Each RSU converts to one common share as it vests. The award vests one-third annually on the first, second and third anniversaries of the grant date, with underlying shares delivered on or within 30 days of 24 June in each vesting year.

Following the grant, Powers’ total beneficial ownership increases to 93,354 common shares, all held directly. Based on the filing, no derivative securities (options, warrants, etc.) were reported, and there were no dispositions.

Because the shares were issued at no cash cost to the insider and follow the company’s routine long-term incentive program, the transaction is administrative in nature and does not directly reflect a change in market sentiment. However, the additional equity modestly aligns executive interests with shareholders by expanding ownership.

Positive

• Executive ownership increases: EVP Shawn Powers’ stake rises to 93,354 shares, modestly strengthening alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU grant; neutral market impact.

The filing documents a standard compensation grant—19,449 RSUs—to EVP Shawn Powers, raising his stake to 93,354 shares. No cash was exchanged, so there is no immediate signal of insider conviction through open-market buying. The three-year, ratable vesting schedule mirrors typical retention incentives and has negligible dilutive effect relative to TTMI’s ~100 million shares outstanding. The event is therefore operationally routine and should not materially affect valuation or trading dynamics.

Corporate Governance Expert

TL;DR: Standard equity incentive; governance-aligned.

The grant reinforces long-term alignment by linking a senior executive’s compensation to shareholder returns over a three-year horizon. The absence of derivative positions and the direct holding structure reduce complexity and enhance transparency. From a governance standpoint, the filing complies with Section 16 reporting requirements and Rule 10b5-1 considerations. Overall, the action is governance-friendly but not materially transformative.

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^*

Powers Shawn A.

(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, Human Resources

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		19,449(1)	D	$0.00	93,354	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

How many TTMI shares did EVP Shawn Powers acquire on 24 Jun 2025?

He received 19,449 restricted stock units, each convertible into one common share.

What is the vesting schedule for the 19,449 RSUs granted to Shawn Powers?

The RSUs vest in three equal installments on the first, second, and third anniversaries of 24 Jun 2025.

What is Shawn Powers’ total beneficial ownership in TTMI after the transaction?

Following the grant, he beneficially owns 93,354 shares of TTMI common stock.

Was the insider transaction an open-market purchase or a compensation grant?

It was a compensation-related RSU grant (code “A”) at a price of $0.00, not an open-market purchase.