Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 76

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 76
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4 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 2022 performance, the second one- third portion of the award attributable to 2023 performance and the remaining one-third portion of the award attributable to 2024 performance. For 2022, performance on the annual revenue metric was 102.9% of target and performance on the annual EBITDA metric was 119.1% of target, resulting in a blended multiplier of 111.0% for the 2022 performance period. 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 111.0% for the 2022 performance period applies to the first one- third of the PRUs; the blended multiplier of 89.4% for the 2023 performance period applies to the second one-third of the PRUs; and the blended multiplier of 99.7% for the 2024 performance period applies to the remaining one-third of the PRUs. Total PRUs credited at the conclusion of 2024 are adjusted by our performance on TSR as compared to the TSR Peer Group, which determines the number of shares, if any, released at the end of the three-year performance period. Our TSR performance over such three-year performance period was at the 38th percentile, which resulted in a TSR modifier of 88% that applies to the shares banked under the 2022 PRU Awards. As a result, final payout under the 2022 PRU awards was 93.3% of the target number of shares granted. Such PRUs vested on February 11, 2025.

Stock Vested In Fiscal Year 2024

The following table sets forth information concerning the value realized by each of our NEOs upon the vesting of stock awards during Fiscal Year 2024.

|                      |     |                     | Stock Awards |     |                |            |
| Name                 |     |