Form 4: Fabrinet CFO Csaba Sverha Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Csaba Sverha, CFO of Fabrinet, disposed of 411 ordinary shares to cover tax liabilities related to vesting restricted share units on August 18, 2024.
Summary
- On August 18, 2024, Csaba Sverha, the Chief Financial Officer of Fabrinet, disposed of 411 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 $231.08 per share.
- Following the transaction, Sverha directly owns 25,685 ordinary shares of Fabrinet.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/18/2024 | Date of transaction: Disposal of 411 ordinary shares. |
| 08/20/2024 | Date of signature by Attorney-in-fact for Csaba Sverha. |
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