TTM Technologies (TTMI) awards 1,813 restricted stock units to business unit president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sandeen Anthony Joseph reported acquisition or exercise transactions in this Form 4 filing.
TTM Technologies reported that Anthony Joseph Sandeen, President of its AMI&I Business Unit, received a grant of 1,813 shares of common stock in the form of restricted stock units at no purchase price. His direct holdings after this award total 43,255 common shares.
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 each year. This is a routine, compensation-related equity award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sandeen Anthony Joseph
Role
President, AMI&I Business Unit
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,813 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,255 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 1,813 shares
Grant price: $0.00 per share
Post-transaction holdings: 43,255 shares
+2 more
5 metrics
RSU grant size
1,813 shares
Restricted stock units granted to Anthony Sandeen on June 24
Grant price
$0.00 per share
Equity award granted at no purchase price to the insider
Post-transaction holdings
43,255 shares
Total common shares directly held after the RSU grant
Vesting schedule
1/3 each year over 3 years
Vests on first, second, and third anniversaries of June 24
Share delivery timing
Within 30 days of June 24
Stock underlying vested RSUs delivered annually around June 24
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 insider transaction did TTM Technologies (TTMI) report for Anthony Joseph Sandeen?
TTM Technologies reported that Anthony Joseph Sandeen received 1,813 restricted stock units of common stock as a compensation-related equity award. The grant carries no purchase price and increased his direct holdings to 43,255 shares following the transaction.
Was the TTM Technologies (TTMI) insider Form 4 a stock buy or sale?
The Form 4 does not show a stock buy or sale in the market. It reports an acquisition of 1,813 shares through a grant of restricted stock units, a standard equity compensation award, not an open-market transaction by the executive.
How do the new restricted stock units for TTMI’s Anthony Sandeen vest?
The 1,813 restricted stock units vest in three equal parts. One-third vests on each of the first, second, and third anniversaries of the June 24 grant date, with shares delivered on or within 30 days of June 24 each year.
What does a restricted stock unit (RSU) grant mean for TTMI insiders?
A restricted stock unit grant gives an insider the right to receive company shares if vesting conditions are met. In this case, each unit equals one share of TTM Technologies common stock, delivered over three years as the RSUs vest on specified anniversaries.