Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 71

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 71
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   772,843 |     | $                      | (63,551 | ) | $     | 1,768,195 |
| Philip Titterton            | 2024 | $      | 565,050 |     | $            | 1,059,172 |     | $                                       |   479,849 |     | $                      |  13,800 |   | $     | 2,117,871 |
| Executive Vice President &  | 2023 | $      | 550,770 |     | $            |   717,746 |     | $                                       |   420,064 |     | $                      |  13,200 |   | $     | 1,701,780 |
| Chief Operating Officer     | 2022 | $      | 525,000 |     | $            |   596,255 |     | $                                       |   791,785 |     | $                      |  17,723 |   | $     | 1,930,763 |

The grant date fair value of all stock awards has been calculated in accordance with ASC Topic 718, Compensation – Stock Compensation. In the case of time-based RSUs, the value is determined by multiplying the number of RSUs granted by the closing price of our common stock on the grant date. In the case of PRUs, the grant date fair value can only be determined for those tranches for which the revenue and EBITDA targets have been set as of the reporting date. As a result, the grant date fair value of PRUs is calculated using only the first tranche of each award; the second and third tranches are not included because the relevant performance-based vesting conditions have not been determined as of the initial reporting date of the awards. We use a Monte Carlo simulation model to calculate the grant date fair value of PRUs. For a discussion of valuation assumptions used in determining the grant date fair value of the awards, see Note 12 to our consolidated financial statements, included in our Annual Report on Form 10-K filed with the SEC on February 21, 2025. Prior to 2023, PRUs have a potential payout of 0% to 240% of the target amount. Starting 2023, PRUs have a potential payout of 0% to 200% of the target amount. The PRU award values at the respected grant date, assuming the highest level of performance (200% for