Walsh James P 4
Research Summary
AI-generated summary
TTM Technologies (TTMI) COO James Walsh Sells Shares
What Happened
- James P. Walsh, Chief Operating Officer of TTM Technologies, sold a total of 2,916 shares in multiple open-market transactions on June 23, 2026, generating approximately $611,767 in proceeds. Sales were executed in multiple tranches at prices ranging roughly from $201.95 to $213.39 per share.
- These were sales (not purchases) and are described in the filing as transactions under a 10b5-1 trading plan adopted February 24, 2026, made solely to satisfy the tax withholding obligation arising from the vesting of restricted stock units (RSUs).
Key Details
- Transaction date: June 23, 2026; Form 4 filed June 25, 2026 (timely).
- Total shares sold: 2,916; Total proceeds: ~$611,767.
- Reported per-tranche examples (shares @ price — proceeds): 36 @ $201.95 ($7,270); 266 @ $204.59 ($54,421); 580 @ $209.76 ($121,661); 681 @ $210.75 ($143,521); 384 @ $212.60 ($81,638); others as listed in the filing.
- Prices were reported as weighted averages across multiple trades; footnotes (F2–F13 and F10–F13) give the price ranges for those weighted averages and state the filer will provide per-price details on request.
- Purpose noted (F1): sales pursuant to a 10b5-1 plan to cover tax liabilities from RSU vesting.
- Shares owned after the transaction: not disclosed in the provided filing details.
Context
- Sales to cover tax withholding on vested RSUs are common and are generally considered routine (not a direct signal of management’s view of the company’s prospects).
- No purchases or option exercises were reported in this filing. The filing appears timely (filed two days after the report date).