Clapprood Tom 4
Research Summary
AI-generated summary
TTM Technologies (TTMI) Pres Tom Clapprood Receives Restricted Stock Award
What Happened
- Tom Clapprood, President, A&D Interconnect Solutions at TTM Technologies (TTMI), received an award of 1,813 restricted stock units (RSUs) on June 24, 2026. The Form 4 reports the acquisition as an award (transaction code A) with a reported price of $0.00 because these are compensation RSUs rather than a cash purchase.
Key Details
- Transaction date: 2026-06-24 (Form filed 2026-06-26; filing appears timely).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 1,813 RSUs; price reported: $0.00 (award).
- Vesting: RSUs vest one-third on each of the first, second and third anniversaries of the grant date; shares will be delivered on or within 30 days of June 24 each year (per footnote).
- Shares owned after transaction: Not specified in the information provided on this summary.
- Footnote summary: Each RSU is the contingent right to receive one share of common stock upon vesting.
Context
- RSU grants are a form of compensation; they do not require an immediate cash outlay by the insider and are not the same as a market purchase (not necessarily a bullish signal).
- For retail investors, note that the economic value will depend on TTM’s share price at each vesting date and any applicable tax withholding at delivery.