EDMAN THOMAS T 4
Research Summary
AI-generated summary
TTM Technologies Director Thomas T. Edman Sells Shares
What Happened
- Thomas T. Edman, a director of TTM Technologies (TTMI), sold a total of 70,840 shares on Feb 13, 2026. He sold 58,090 shares at $93.12 each (proceeds $5,409,097) to cover tax withholding on vested Performance RSUs, and sold 12,750 shares in the open market at $94.92 each (proceeds $1,210,230). Both transactions are sales (not purchases).
Key Details
- Transaction dates and prices:
- 2026-02-13: 58,090 shares sold at $93.12 (tax withholding related to RSU vesting) — $5,409,097.
- 2026-02-13: 12,750 shares sold in open market at $94.92 — $1,210,230.
- Total shares sold: 70,840; total proceeds ≈ $6,619,327.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Sale of shares to pay tax liability incident to vesting of Performance RSUs (cashless/tax withholding sale).
- F2: Open-market sale.
- Filing timeliness: Report filed 2026-02-17 for transactions on 2026-02-13 — filed on the Form 4 due date (timely).
Context
- The larger portion of the sale (58,090 shares) was to satisfy tax withholding for vested Performance RSUs, a routine administrative transaction and not necessarily a signal about the director’s view of the company. The smaller portion (12,750 shares) was an open-market sale. Sales by insiders are common and can be for tax or diversification reasons; they are not as informative as purchases when assessing insider sentiment.