TTM Technologies (TTMI) director granted 1,811 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TTM Technologies director Philip G. Franklin received an equity award in the form of restricted stock units. On the grant date, he acquired 1,811 restricted stock units, each representing the right to receive one share of TTM Technologies common stock at no cash cost.
The units will vest on the first anniversary of the grant date if the vesting conditions are met. Following this award, Franklin directly holds 156,725 shares or share-equivalents of the company’s common stock, reflecting his ongoing equity-based compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRANKLIN PHILIP G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,811 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 156,725 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,811 units
Transaction price: $0.00 per share
Total holdings after grant: 156,725 shares
3 metrics
RSUs granted
1,811 units
Restricted stock unit award to director on grant date
Transaction price
$0.00 per share
Equity grant with no cash consideration on grant date
Total holdings after grant
156,725 shares
Direct ownership reported following RSU award
Key Terms
restricted stock units, grant, vest
3 terms
restricted stock units financial
"Amount in Box 4. reflects the grant of restricted stock units."
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.
grant financial
"Amount in Box 4. reflects the grant of restricted stock units."
vest financial
"The shares underlying the restricted stock units will vest on the first anniversary 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.
FAQ
What insider transaction did TTM Technologies (TTMI) report for Philip G. Franklin?
TTM Technologies reported that director Philip G. Franklin received 1,811 restricted stock units as an equity award. Each unit represents the right to receive one share of common stock, with no cash paid per share on the grant date.
How many TTM Technologies restricted stock units were granted in this Form 4 filing?
The filing shows a grant of 1,811 restricted stock units to director Philip G. Franklin. These units are a form of stock-based compensation and each unit is tied to one share of TTM Technologies common stock, subject to vesting.
When do Philip G. Franklin’s TTM Technologies restricted stock units vest?
The restricted stock units will vest on the first anniversary of the grant date. Vesting means the units convert into shares of TTM Technologies common stock, assuming any applicable service or other vesting conditions continue to be satisfied over that period.