Form 4: Fabrinet CFO Csaba Sverha Reports Stock Transactions
SEC Form 4 Filing
Csaba Sverha, CFO of Fabrinet, reports the acquisition and disposal of company stock, including shares acquired through Restricted Stock Units (RSUs) and shares sold on the open market.
Summary
- Csaba Sverha, the Chief Financial Officer of Fabrinet, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On August 22, 2024, Sverha acquired 3,820 shares of Fabrinet through Restricted Stock Units (RSUs) at a price of $0.
- These RSUs will vest in three equal annual installments on August 22, 2025, 2026, and 2027, contingent upon continued service with Fabrinet.
- On August 23, 2024, Sverha sold 9,288 shares at a weighted average price of $270.08 per share, with prices ranging from $270.00 to $270.45.
- Following these transactions, Sverha directly owns 19,768 shares of Fabrinet.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- Shareholders may use this information to assess management's perspective on the company's stock value.
- The transactions could influence short-term stock price fluctuations.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Acquisition of 3,820 shares through Restricted Stock Units (RSUs). |
| 08/23/2024 | Sale of 9,288 shares at an average price of $270.08 per share. |
| 08/22/2025 | First vesting date for RSUs. |
| 08/22/2026 | Second vesting date for RSUs. |
| 08/22/2027 | Third vesting date for RSUs. |
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