Form 4: Fabrinet CEO Seamus Grady Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO of Fabrinet, Seamus Grady, disposed of shares to cover tax liabilities related to vesting restricted share units.
Summary
- On August 18, 2024, Seamus Grady, the CEO of Fabrinet, disposed of 3,817 ordinary shares at a price of $231.08.
- The transaction was executed to cover the reporting person's tax liability in connection with the vesting of restricted share units.
- Following the transaction, Grady directly owns 61,359 ordinary shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of executive compensation and are closely watched by investors for insights into management's view of the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/18/2024 | Date of the share disposal transaction. |
| 08/20/2024 | Date of signature by Attorney-in-fact. |
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