Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 154

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 154
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 year to date other comprehensive (loss) income

        (6,876
        )

        1,251

        1,348

        (4,277
        )

        Balance as of January 1, 2024

        (32,860
        )

        2,530

        1,263

        (29,067
        )

        Other comprehensive (loss) income   before reclassifications

        (897
        )

        1,082

        4,147

        4,332

        Amounts reclassified from accumulated    other comprehensive loss

        —

        —

        (3,147
        )

        (3,147
        )

        Net year to date other comprehensive (loss) income

        (897
        )

        1,082

        1,000

        1,185

        Balance as of December 30, 2024
         
        $
        (33,757
        )
         
        $
        3,612

        $
        2,263

        $
        (27,882
        )

87

TTM TECHNOLOGIES, INC. Notes to Consolidated Financial Statements — (Continued)

(12)Stock-Based CompensationIncentive Compensation PlanThe Company maintains a 2023 Incentive Compensation Plan (the Plan), which allows for issuance of up to 5,100 shares through its latest possible expiration date in May 2033.The Plan provides for the grant of PRUs, RSUs, and stock appreciation rights. The exercise price for awards is determined by the Compensation Committee of the Board of Directors. Each award shall vest and expire as determined by the Compensation Committee of the Board of Directors, with PRUs and RSUs generally vesting over three years for employees and one year for non‑employee directors. PRUs and RSUs do not have voting rights. All grants provide for accelerated vesting if there is a change in control, as defined in the Plan.As of December 30, 2024, 740 PRUs, 4,106 RSUs, and 60 stock options were outstanding under the Plan. Included in the 740 PRUs outstanding as of December 30, 2024 are 411 vested but not yet released. Included in the 4,106 RSUs outstanding as of December 30, 2024 are 641 vested but not yet released RSUs associated with non-employee directors. These