TTM Technologies (TTMI) EVP, CHRO receives 4,900 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Powers Shawn A. reported acquisition or exercise transactions in this Form 4 filing.
TTM Technologies executive vice president and chief human resources officer Shawn A. Powers received an award of 4,900 shares of common stock in the form of restricted stock units. After this grant, he holds 124,168 shares directly.
The restricted stock units vest in three equal installments on the first, second and third anniversaries of the June 24 grant date, with shares 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
Powers Shawn A.
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,900 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 124,168 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,900 shares
Post-transaction holdings: 124,168 shares
Grant price per share: $0.00 per share
+2 more
5 metrics
RSU grant size
4,900 shares
Restricted stock units granted on June 24
Post-transaction holdings
124,168 shares
Direct common stock holdings after grant
Grant price per share
$0.00 per share
Compensation award, not open-market purchase
Vesting schedule
One-third each year over 3 years
Anniversaries of June 24 grant date
Share delivery timing
Within 30 days of June 24
For each vesting year
Key Terms
restricted stock units, vest, grant, contingent right
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.
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.
grant financial
"Reflects the grant of restricted stock units"
contingent right financial
"Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock"
FAQ
What insider transaction did TTMI executive Shawn A. Powers report?
Shawn A. Powers reported receiving 4,900 restricted stock units of TTM Technologies common stock as a compensation grant. Each unit represents one share that will be delivered as the award vests over future years.
How do the restricted stock units granted to TTMI’s Shawn A. Powers vest?
The 4,900 restricted stock units vest in three equal installments on the first, second and third anniversaries of the June 24 grant date. This structure ties full share delivery to continued service over three years.
Was there a purchase price for the TTMI restricted stock units granted?
The restricted stock units were granted at a price of $0.00 per share, indicating a compensation award rather than an open-market purchase. Value to the executive depends on TTM Technologies’ share price at future vesting and delivery dates.