TTM Technologies (TTMI) EVP granted 5,077 restricted stock units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weber Daniel J reported acquisition or exercise transactions in this Form 4 filing.
TTM Technologies reported that EVP, CLO & Secretary Daniel J. Weber received a grant of 5,077 restricted stock units of common stock. These units vest in three equal annual installments starting one year after the June 24 grant date. Following this award, Weber holds 91,165 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weber Daniel J
Role
EVP, CLO & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,077 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 91,165 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 5,077 units
Grant price: $0.00 per share
Shares after grant: 91,165 shares
+1 more
4 metrics
RSUs granted
5,077 units
Restricted stock units of common stock granted to Daniel J. Weber
Grant price
$0.00 per share
Compensation grant, no purchase price paid
Shares after grant
91,165 shares
Total common shares beneficially owned directly after transaction
Vesting schedule
One-third annually over 3 years
On first, second and third anniversaries of June 24 grant date
Key Terms
restricted stock units, contingent right, anniversaries of the date of grant
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"
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 TTMI executive Daniel J. Weber report on this Form 4?
Daniel J. Weber reported receiving a grant of 5,077 restricted stock units of TTM Technologies common stock. The award is compensation-related, carries no purchase price, and increases his directly owned common shares to 91,165 after the grant.
What are the vesting terms of Daniel J. Weber’s new TTMI restricted stock units?
The 5,077 restricted stock units vest one-third each 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.
What does each restricted stock unit in Daniel J. Weber’s TTMI award represent?
Each restricted stock unit represents the contingent right to receive one share of TTM Technologies common stock. Actual shares are delivered after vesting, on or within 30 days of June 24 for each vesting year.