TTM Technologies files Form 4 for CAO Romo’s 5.9k-share RSU award

Rhea-AI Filing Summary

TTM Technologies Inc. (TTMI) – Form 4 filing reports that Chief Accounting Officer Elizabeth Romo received an equity award on 24 June 2025.

• Transaction: Grant of 5,893 restricted stock units (RSUs) classified as an acquisition at $0.00 per share.
• Post-grant holdings: Romo now directly owns 12,692 common shares.
• Vesting schedule: RSUs vest in three equal tranches on the first, second and third anniversaries of the grant date; underlying shares are delivered within 30 days of each 24 June vesting event.

The award is part of routine executive compensation and does not involve open-market buying or selling. There is no immediate cash outflow by the insider, and dilution impact is immaterial given TTMI’s ~103 million shares outstanding (latest 10-K). Investors may view the multi-year vesting as incentive alignment, but the filing is generally neutral for valuation or near-term trading.

Positive

• Incentive alignment: Three-year RSU vesting promotes long-term retention and performance focus.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine RSU grant; strengthens insider alignment, limited market impact.

Equity awards with multi-year vesting are standard governance practice to tie management pay to long-term performance. The 5,893-share grant represents roughly 0.006% of TTMI’s shares, an immaterial dilution. Because the award vests over three years, Romo’s incentive to remain with the company is reinforced, but there is no immediate signal of insider sentiment like an open-market purchase would provide. Overall governance implications are benign.

Portfolio Manager

TL;DR: Neutral trading signal; modest ownership increase via zero-cost RSUs.

The filing shows no cash purchase, hence offers little insight into management’s valuation view. The cumulative direct holding of 12,692 shares is still small (<$200k at recent prices), so insider skin-in-the-game remains limited. I would not adjust position sizing or forecasts based solely on this Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Romo Elizabeth

(Last) (First) (Middle)

200 EAST SANDPOINTE, SUITE 400

(Street)

SANTA ANA CA 92707

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TTM TECHNOLOGIES INC [ TTMI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		A		5,893(1)	A	$0.00	12,692	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the grant of restricted stock units. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock. The restricted stock units will vest one-third on the first, second and third anniversaries of the date of grant and the stock underlying the restricted units will be delivered on or within 30 days of June 24 of each year.

	/s/ Daniel J. Weber, Attorney-in-Fact	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did TTMI insider Elizabeth Romo acquire on 24 June 2025?

She received 5,893 restricted stock units (RSUs) of TTMI common stock at $0.00 per share.

How many TTMI shares does Romo own after the transaction?

Following the grant, Romo directly owns 12,692 TTMI common shares.

When will the granted TTMI RSUs vest?

The RSUs vest in three equal parts on the first, second and third anniversaries of 24 June 2025.

Is this Form 4 a buy or sell signal for TTMI stock?

The filing reflects a routine compensation grant, not an open-market buy or sell, so it is largely neutral for trading decisions.

Does the grant significantly dilute TTMI shareholders?

No. The 5,893 shares represent about 0.006% of shares outstanding, an immaterial dilution level.