TTM Technologies (TTMI) CFO receives 6,351 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOEHLE DANIEL L. reported acquisition or exercise transactions in this Form 4 filing.
TTM Technologies EVP and CFO Daniel L. Boehle received an equity grant of 6,351 restricted stock units. Each unit represents the right to receive one share of TTM Technologies common stock. The units vest in three equal annual installments on the first, second, and third anniversaries of the June 24 grant date.
After this grant, Boehle directly holds 79,273 shares of common stock. The stock underlying each vested unit will be delivered on or within 30 days of June 24 of each vesting year, aligning the award with multi‑year service and performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BOEHLE DANIEL L.
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,351 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 79,273 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 6,351 units
Shares after transaction: 79,273 shares
Unit-to-share ratio: 1 share per unit
+1 more
4 metrics
RSUs granted
6,351 units
Restricted stock units granted on June 24
Shares after transaction
79,273 shares
Direct common stock holdings following the grant
Unit-to-share ratio
1 share per unit
Each restricted stock unit delivers one common share upon vesting
Vesting schedule
1/3 annually over 3 years
Vests on first, second and third anniversaries of grant date
Key Terms
restricted stock units, contingent right, vest, anniversaries of the date of grant
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.
contingent right financial
"Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock"
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.
anniversaries of the date of grant financial
"will vest one-third on the first, second and third anniversaries of the date of grant"
FAQ
What did TTM Technologies (TTMI) CFO Daniel Boehle report in this Form 4?
Daniel L. Boehle reported receiving 6,351 restricted stock units of TTM Technologies common stock. Each unit converts into one share upon vesting, and the grant increased his direct holdings to 79,273 shares, reflecting routine equity-based executive compensation aligned with multi-year vesting.
How do Daniel Boehle’s restricted stock units at TTM Technologies vest?
The 6,351 restricted stock units vest in three equal installments on the first, second, and third anniversaries of the June 24 grant date. For each vesting tranche, the underlying common stock is scheduled to be delivered on or within 30 days of June 24 of that year.
What does each restricted stock unit represent for TTM Technologies’ CFO?
Each restricted stock unit granted to Daniel L. Boehle represents a contingent right to receive one share of TTM Technologies common stock. The units do not convert immediately; they deliver underlying shares according to the three-year vesting and delivery schedule tied to June 24 each year.
Is Daniel Boehle’s Form 4 transaction a market purchase or sale of TTMI stock?
The Form 4 reports a grant of 6,351 restricted stock units, not a market purchase or sale. The transaction code is a grant or award acquisition at a stated price of $0.00 per unit, reflecting compensation rather than open-market trading activity in TTM Technologies shares.