TTM TECHNOLOGIES INC·4

Feb 17, 9:49 AM ET

Gridley Catherine A 4

Research Summary

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Updated

TTM Technologies EVP Catherine Gridley Sells Shares

What Happened

  • Catherine A. Gridley, EVP and A&D Sector President of TTM Technologies (TTMI), sold a total of 30,479 shares on Feb 13, 2026 for combined proceeds of about $2,858,018.
  • Breakdown: 20,479 shares were disposed at $93.12 each for $1,906,918 to cover tax withholding related to the vesting of Performance RSUs (footnote F1). An additional 10,000 shares were sold in the open market at $95.11 each for $951,100 (footnote F2). These are sales (not purchases) and typically reflect routine tax-withholding and personal liquidity rather than an acquisition signal.

Key Details

  • Transaction dates and prices:
    • 2026-02-13: 20,479 shares @ $93.12 (sale to satisfy tax withholding on vested Performance RSUs) — $1,906,918.
    • 2026-02-13: 10,000 shares @ $95.11 (open-market sale) — $951,100.
  • Total shares sold: 30,479; total gross proceeds ≈ $2,858,018.
  • Shares owned after the transaction: Not disclosed in the filing.
  • Footnotes:
    • F1: Sale of shares to pay tax liability incident to vesting of Performance RSUs (cashless/withholding action).
    • F2: Open-market sale.
  • Filing timeliness: Reported on Form 4 filed Feb 17, 2026 for transactions on Feb 13, 2026 (filed within the standard two business‑day window).

Context

  • The 20,479-share disposition was a tax-withholding sale tied to RSU vesting (a common administrative step). The separate 10,000-share open-market sale was a standard sale of shares. Both are sales and do not indicate insider accumulation.