TTM Technologies (TTMI) awards director Daniel Korte 1,358 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TTM Technologies Inc. director Daniel G. Korte received a grant of 1,358 restricted stock units representing the right to acquire an equal number of common shares. The award was granted at no cash cost and all 1,358 shares are shown as directly owned after the transaction.
According to the disclosure, the shares underlying these restricted stock units will vest on the first anniversary of the grant date, meaning Korte’s ability to receive the shares is tied to this one-year vesting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Korte Daniel G.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,358 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,358 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,358 units
Grant price per share: $0.00
Shares owned after grant: 1,358 shares
+1 more
4 metrics
RSUs granted
1,358 units
Restricted stock unit award to director Daniel G. Korte
Grant price per share
$0.00
Reported transaction price per share for RSU grant
Shares owned after grant
1,358 shares
Total common stock reported as directly owned following transaction
Vesting schedule
First anniversary of grant date
RSUs vest on the first anniversary of the date of grant
Key Terms
restricted stock units, grant of restricted stock units, vest, common stock
4 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 of restricted stock units 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.
common stock financial
"Each restricted stock unit represents the right to receive one share of the Issuer's common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did TTM Technologies (TTMI) report for Daniel G. Korte?
TTM Technologies reported that director Daniel G. Korte received a grant of 1,358 restricted stock units. Each unit represents the right to receive one share of common stock, creating a stock-based compensation award rather than a cash transaction.
Did Daniel G. Korte buy or sell TTMI stock in this Form 4?
He did not buy or sell shares on the open market. Instead, Daniel G. Korte received 1,358 shares through a stock-based grant classified as a grant, award, or other acquisition, with no purchase price per share disclosed.
When do the restricted stock units granted to the TTMI director vest?
The restricted stock units vest on the first anniversary of the grant date. This means the 1,358 underlying TTMI common shares become deliverable after one year, assuming the vesting conditions described in the award are satisfied.