TTM Technologies (TTMI) grants 5,263 RSUs to COO Walsh
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TTM Technologies Chief Operating Officer James P. Walsh received a grant of 5,263 shares of common stock in the form of restricted stock units. The award is compensation-related and carries no cash exercise price.
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 as they vest. Following this award, Walsh directly holds 35,896 shares of TTM Technologies common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Walsh James P
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,263 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,896 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 5,263 shares
Grant price: $0.0000 per share
Holdings after transaction: 35,896 shares
+1 more
4 metrics
RSU grant size
5,263 shares
Restricted stock units granted to COO on June 24
Grant price
$0.0000 per share
Compensation-related equity award, no cash exercise price
Holdings after transaction
35,896 shares
Direct ownership of TTM Technologies common stock after grant
Vesting period
3 years
One-third vests on each of the first three anniversaries
Key Terms
restricted stock units, contingent right, vest, 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.
date of grant financial
"The restricted stock units will vest one-third on the first, second and third anniversaries of the date of grant"
FAQ
What did TTM Technologies (TTMI) COO James Walsh report in this Form 4?
James P. Walsh reported receiving 5,263 restricted stock units of TTM Technologies common stock as a compensation grant. These units are not an open-market purchase or sale but an equity award that will vest over time according to the company’s vesting schedule.
How do the newly granted TTM Technologies restricted stock units vest?
The 5,263 restricted stock units vest in three equal installments on the first, second, and third anniversaries of the June 24 grant date. Shares underlying vested units are delivered on or within 30 days of June 24 each year, aligning delivery with the vesting schedule.
Did the TTM Technologies Form 4 involve any open-market buying or selling?
No open-market buying or selling occurred. The Form 4 shows an acquisition coded as a grant or award of 5,263 restricted stock units at a price of $0.0000 per share, meaning it is purely a compensation-related equity grant, not a market transaction.
What does each restricted stock unit in this TTM Technologies grant represent?
Each restricted stock unit represents a contingent right to receive one share of TTM Technologies common stock. The units convert into actual shares only as they vest and are then delivered, according to the specified three-year vesting and annual delivery schedule.