Company: TTMI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024839
Chunk: 158

Company: TTM TECHNOLOGIES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 158
---
93

        Cancelled

        (167
        )

        14.89

        Non-vested RSUs outstanding as of December 30, 2024

        3,465

        $
        16.47

        Vested and expected to vest through 2027 as of December 30, 2024

        4,106

        $
        15.78

       The fair value of the Company’s RSUs is determined based upon the closing common stock price on the grant date. The weighted average fair value per unit of RSUs granted was $19.32, $13.85, and $12.72 for the years ended December 30, 2024, January 1, 2024, and January 2, 2023, respectively. The total fair value of RSUs vested for the years ended December 30, 2024, January 1, 2024, and January 2, 2023 was $30,575, $19,928, and $15,510, respectively.Stock OptionsAs of December 30, 2024, stock options outstanding was 60. This is not material to the consolidated financial statements of the Company.

89

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

Stock-based Compensation Expense and Unrecognized Compensation CostsStock-based compensation expense recognized in the accompanying consolidated statements of operations was as follows: 

        For the Year Ended

        December 30, 2024

        January 1, 2024

        January 2, 2023

        (In thousands)

        Cost of goods sold
         
        $
        9,342

        $
        7,455

        $
        5,846

        Selling and marketing

        3,845

        3,205

        2,749

        General and administrative

        15,322

        11,088

        9,808

        Research and development

        1,271

        1,139

        1,122

        Total
         
        $
        29,780

        $
        22,887

        $
        19,525

       A summary of total unrecognized compensation costs as of December 30, 2024 was as follows: 

        Unrecognized Stock-BasedCompensation Cost

        Remaining Weighted AverageRecognition Period