TTM Technologies CFO Sells Nearly 6,000 Shares as the Company Prepares for a Costly Acquisition

Daniel L. Boehle, Chief Financial Officer of TTM Technologies, Inc. (TTMI +4.84%), disposed of 5,890 shares of common stock on August 25, 2026, according to an SEC Form 4 filing.

Transaction summary

Transaction value based on SEC Form 4 weighted average sale price ($112.14); post-transaction value based on August 25, 2026 market close ($112.30).

Key questions

• What prompted this disposition of common stock?
  The sale was non-discretionary, executed solely to satisfy tax withholding obligations as a result of the vesting of restricted stock units (RSUs), and does not reflect the insider’s view on the stock.
• How much direct equity does Daniel Boehle retain?
  Following this transaction, the CFO maintains direct ownership of 69,165 shares of common stock, valued at $7.77 million as of the August 25, 2026 market close.
• Was this trade part of a pre-arranged schedule?
  Yes, the shares were withheld pursuant to a Rule 10b5-1 sales plan, a mechanism often used by executives to automate the sale of shares for tax or liquidity purposes.
• What has been the recent performance of TTM Technologies stock?
  As of the August 25, 2026 transaction date, the company had achieved a one-year total return of 155%.

Company Overview

Company Snapshot

• TTM Technologies manufactures and distributes a comprehensive portfolio of printed circuit boards (PCBs) and RF&S components, including conventional and high-density interconnect (HDI) designs, substrate-like (SLP) boards, flexible and rigid-flex solutions, and specialized RF and microwave circuits.
• The company serves as a critical supplier of interconnect and component solutions to manufacturers across multiple industries.
• TTM Technologies serves a diverse customer base in the technology, telecommunications, aerospace, defense, and industrial sectors, with a global operational footprint supporting enterprise-level clients requiring advanced PCB and RF component solutions.

TTM Technologies operates as a global leader in advanced printed circuit board manufacturing and RF component production. The company has demonstrated significant momentum, with trailing 12-month revenue of $3.4 billion and net income of $236.8 million, reflecting strong operational execution in a capital-intensive manufacturing environment.

TTM’s competitive positioning is anchored in its specialized manufacturing capabilities for complex PCB designs and RF solutions, serving mission-critical applications across high-growth end markets, and why the company’s initials stand for “time to market.”

What this transaction means for investors

CFO Daniel Boehle’s Aug. 25 sale of TTM Technologies stock for $112.14 per share is not a red flag for investors, since it was a non-discretionary transaction to meet tax withholding obligations related to the vesting of RSUs.

An RSU is a form of compensation where a company promises to give an employee shares of stock at a future date. When that vesting date arrives, as was the case here, a “sell to cover” transaction occurs to pay for the related taxes.

TTM Technologies stock is down significantly from its multi-year high of $223.83 reached back in June. The company’s announcement that it was acquiring EPIQ Design Solutions for a hefty price of $1.1 billion raised concerns among investors. TTM exited the second quarter with nearly $1 billion in debt on its balance sheet already.

TTM is making the acquisition to strengthen its artificial intelligence offerings. The AI tailwind enabled the company to achieve an all-time quarterly sales record of $1 billion in the second quarter.