Weber Daniel J 4
Research Summary
AI-generated summary
TTM Technologies (TTMI) EVP Daniel Weber Sells Shares
What Happened
Daniel J. Weber, EVP, Chief Legal Officer & Secretary of TTM Technologies (TTMI), sold a total of 2,915 shares on June 25, 2026 in a series of open‑market transactions. Proceeds totaled approximately $609,052. Individual lots reported prices (weighted averages for multi‑trade lots) ranged roughly from about $204.58 to $218.93 per share. The filing states these sales were made under a 10b5‑1 trading plan and solely to satisfy the tax liability from vested restricted stock units (RSUs), which is a routine, non‑investment‑signal transaction.
Key Details
- Transaction date: June 25, 2026 (filed June 29, 2026; filing appears timely under the two‑business‑day rule).
- Total shares sold: 2,915; approximate total proceeds: $609,052.
- Reported per‑share prices (weighted averages across multiple trades) span roughly $204.58–$218.93; individual reported prices include $204.95, $206.25, $207.04, $208.40, $209.06, $210.10, $211.08, $211.86, $213.51, $214.46, $216.49, $217.43 and $218.27.
- Footnote: Sales executed pursuant to a 10b5‑1 plan adopted Feb 26, 2026, and were made solely to pay tax withholding on RSU vesting. Several lots are reported with weighted‑average price ranges; the filer offers to provide per‑trade price details on request.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
Sales made solely to cover tax obligations on vested RSUs are common and generally treated as routine administrative transactions rather than insider bearish signals. For retail investors, purchases by insiders tend to carry more weight as signals of confidence; routine tax‑related sales are less informative about management’s view of the company.