TTM Technologies (TTMI) awards 1,813 RSUs to senior executive Fortier
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortier Gregory S. reported acquisition or exercise transactions in this Form 4 filing.
TTM Technologies Inc. reported that executive Gregory S. Fortier received a grant of 1,813 shares of common stock in the form of restricted stock units. These units were awarded at no cash cost and raise his direct holdings to 7,413 shares after the transaction.
The restricted stock units vest in three equal installments over three years. One-third of the grant will vest on each of the first, second, and third anniversaries of the June 24 grant date, with the underlying shares delivered on or within 30 days of June 24 each year.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fortier Gregory S.
Role
SVP, President - Integ. Elec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,813 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,413 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,813 shares
Grant price: $0.00 per share
Total holdings after grant: 7,413 shares
+1 more
4 metrics
RSUs granted
1,813 shares
Restricted stock units granted on June 24
Grant price
$0.00 per share
Equity award, no cash paid
Total holdings after grant
7,413 shares
Common stock held directly after transaction
Vesting schedule
One-third annually over 3 years
First, second and third anniversaries of June 24 grant date
Key Terms
restricted stock units, contingent right, vest
3 terms
restricted stock units financial
"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.
contingent right financial
"Each restricted stock unit represents the contingent right to receive one share"
vest financial
"The restricted stock units will vest one-third on the first, second and third anniversaries"
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 Gregory S. Fortier?
TTM Technologies reported that executive Gregory S. Fortier received 1,813 restricted stock units. These units represent a contingent right to receive common shares, awarded as equity compensation rather than a market purchase, increasing his direct holdings to 7,413 shares following the grant.
What type of equity award did TTM Technologies (TTMI) grant to Gregory S. Fortier?
TTM Technologies granted Gregory S. Fortier restricted stock units covering 1,813 shares of common stock. Each unit represents a contingent right to receive one share, functioning as stock-based compensation that does not require him to pay a purchase price for the awarded shares.
What is the vesting schedule for Gregory S. Fortier’s TTMI restricted stock units?
The 1,813 restricted stock units vest in three equal installments. One-third vests on each of the first, second, and third anniversaries of the June 24 grant date, with underlying shares delivered on or within 30 days of June 24 in each vesting year.