Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 75

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 75
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 performance on the annual EBITDA metric was 102.3% of target, resulting in a blended multiplier of 99.7% for the 2024 performance period. The blended multiplier of 99.7% for the 2024 performance period applies to the first one-third of the PRU; and the remaining units are reported at target and will be adjusted based on actual revenue and EBITDA performance during the applicable performance periods. Total PRUs credited at the conclusion of 2026 will be adjusted by relative TSR (20% weighting) as an additive component, which will ultimately determine the number of shares released at the end of the three-year performance period.

Represents the number of PRUs granted in fiscal 2023, adjusted for actual achievement during 2023 and 2024 on the annual metrics of revenue and EBITDA (each of which is equally weighted) with respect to the first one-third portion of the award attributable to 2023 performance and the second one-third portion of the award attributable to 2024 performance and the remaining one-third portion of the award attributable to 2025 performance. For 2023, performance on the annual revenue metric was 88.1% of target and performance on the annual EBITDA metric was 90.6% of target, resulting in a blended multiplier of 89.4% for the 2023 performance period. For 2024, performance on the annual revenue metric was 97.0% of target and performance on the annual EBITDA metric was 102.3% of target, resulting in a blended multiplier of 99.7% for the 2024 performance period. The blended multiplier of 89.4% for the 2023 performance period applies to the first one-third of the PRUs; the blended multiplier of 99.7% for

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the 2024 performance period applies to the second one-third of the PRUs; and the remaining units are reported at target and will be adjusted based on actual revenue and EBITDA performance during the 2025 performance period. Total PRUs credited at the conclusion of 2025 will be adjusted by relative TSR (20% weighting) as an additive component, which will ultimately determine the number of shares released at the end of the three-year performance period.

Represents the number of PRUs granted in fiscal 2022, adjusted for actual achievement during 2022, 2023 and 202