Form 4: Fabrinet CEO Seamus Grady Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO of Fabrinet, Seamus Grady, disposed of 4,256 ordinary shares to cover tax liabilities related to vesting restricted share units.
Summary
- On August 19, 2024, Seamus Grady, the CEO of Fabrinet, disposed of 4,256 ordinary shares.
- The shares were disposed of to cover the reporting person's tax liability in connection with the vesting of restricted share units.
- The transaction was executed at a price of $231.55 per share.
- Following the transaction, Grady directly owns 57,103 ordinary shares.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations from vested shares, a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of transaction: Seamus Grady disposed of shares. |
| 08/21/2024 | Date of signature by Andrew Chew, Attorney-in-fact. |
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