Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 59

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 59
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| 2023 Plan | Revenue     | EBITDA      | TSR (3 year) |
| Year 1    | 13 and 1/3% | 13 and 1/3% | 20%          |
| Year 2    | 13 and 1/3% | 13 and 1/3% |              |
| Year 3    | 13 and 1/3% | 13 and 1/3% |              |
| Totals    | 40%         | 40%         | 20%          |

At the Target Level,13 and 1/3%of the Target Amount will vest based on the Company’s revenues, and13 and 1/3%of the Target amount will vest based on the Company’s EBITDA in the first fiscal year of the program fiscal relative to the target milestone set forth by the Committee at the beginning of each year. Therefore, at the Target Levels,26 and 2/3%of the Target Amount will be based on the Company’s financial performance with respect to one or more target milestones established by the Committee for each of fiscal year.

As milestones are achieved, a portion of the Target Amount shall be credited in the Recipient’s constructive account. The amounts credited for each fiscal year in connection with each of the annual revenue goal and EBITDA goal as a percentage of13 and 1/3%will be as follows: 0% if performance is below minimum level,6 and 2/3%if performance is at minimum level of 60% of the annual goal (the “Minimum Level vs. the Goal”),13 and 1/3%if performance is equal to the annual goal (the “Target Level”), and26 and 2/3%if performance is at or above maximum level of 120% of the annual goal (the “Maximum Level vs. the Goal”). For performance between the Minimum Level vs. the Goal and the Target Level, a proportionate percentage between6 and 2/3%and13 and 1/3%will be applied based on relative performance. For performance between the Target Level and the Maximum Level vs. the Goal, a proportionate percentage between13 and 1/3%and26 and 2/3%will be applied based on relative performance between target and maximum. The amount credited each PRU recipient’s constructive account at the end of each year during the three-year performance period is the “Conditional PR