Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 62

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 62
---
 |     | $     | 1,000,000 |     |                                      |  34,810 |     |                | 28,481 |     |       |  63,291 |
| Douglas L. Soder     |     | $                             |   550,000 |     | $           | 450,000 |     | $     | 1,000,000 |     |                                      |  34,810 |     |                | 28,481 |     |       |  63,291 |
| Philip Titterton     |     | $                             |   660,000 |     | $           | 540,000 |     | $     | 1,200,000 |     |                                      |  41,772 |     |                | 34,177 |     |       |  75,949 |

The number of RSUs awarded to each of our NEOs was calculated using a dollar value per share of $15.80, which was the six-month trailing average closing price of our common stock as of June 21, 2024, the grant date for those awards. On June 21, 2024, the closing sales price for our common stock was $19.40.

One-third of the Time-Vested RSUs vest on each of the first three anniversaries of the grant date.

The annual financial performance goal or goals for future years will be established in the first quarter of each of those subsequent years and may or may not be based on our revenue and/or adjusted EBITDA in those years. Whether any units credited under our future grants will be paid out in shares at the end of the applicable three-year period will depend on future results and our TSR during that period, neither of which is determinable until the end of the three-year period.

Settlement of PRUs for 2022-2024 Performance Period.The PRUs granted in 2022 have vested and resulted in the issuance of shares to some of our executive officers. The below charts detail the calculations of the PRUs that vested in 2024 and were paid out in 2025. The final TSR modifier was 88%, which was then applied against the financial results for each tranche resulting in the final shares released, which was 93.3% of the original granted shares.

| TTM TECHNOLOGIES, INC. | 40 |

| Name                       | Original 

# Granted Shares | # Shares ’22 Rev | # Shares ’