Company: TTMI
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038317
Chunk: 61

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 61
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Long-Term Equity Awards for 2024.Our human capital and compensation committee balances the mix of time-vested RSUs, which are designed to promote retention, and PRUs, which are designed to grow long-term value with our Company, in accordance with the overall philosophy valuing both components of equity compensation, with an emphasis on driving long-term value. In determining the ratio between PRU and time-vested RSU awards, the human capital and compensation committee reviewed and took into consideration compensation practices at other companies, our Compensation Consultants’ recommendations, and the human capital and compensation committee’s desire to ensure that a significant portion of equity compensation be tied to our Company’s performance against our peers. Additionally, the human capital and compensation committee desired to ensure that its equity program was competitive, provided long-term retention of critical leadership talent, and best aligned pay practices with the interests of our stockholders. The following table sets forth the value of our 2024 equity awards and the number of time-vested RSUs and (at target) PRUs awarded to our NEOs for 2024.

| Name                 |     | Dollar Value of Equity Grants 
 Performance                   |           |     | Time-Vested |         |     | Total |           |     | Number of Shares of Equity Grants(1) 
 Performance                          |         |     | Time-Vested(2) |        |     | Total |         |
|:---------------------|:----|:------------------------------|----------:|:----|:------------|--------:|:----|:------|----------:|:----|:-------------------------------------|--------:|:----|:---------------|-------:|:----|:------|--------:|
| Thomas T. Edman      |     | $                             | 1,680,000 |     | $           | 720,000 |     | $     | 2,400,000 |     |                                      | 106,329 |     |                | 45,569 |     |       | 151,898 |
| Daniel L. Boehle     |     | $                             |   660,000 |     | $           | 540,000 |     | $     | 1,200,000 |     |                                      |  41,772 |     |                | 34,177 |     |       |  75,949 |
| Catherine A. Gridley |     | $                             |   550,000 |     | $           | 450,000