Form 4: Fabrinet Director Frank H. Levinson Acquires Restricted Share Units

Director Frank H. Levinson acquired 895 restricted share units of Fabrinet as part of his compensation for serving on the board.

Summary

• Frank H. Levinson, a director at Fabrinet, acquired 895 restricted share units on December 12, 2024.
• These restricted share units were awarded as partial compensation for his service on the board of directors.
• Each restricted share unit represents a contingent right to receive one ordinary share of Fabrinet stock.
• The units will vest on January 1, 2026, provided Mr. Levinson continues to serve on the board through that date.
• Following this transaction, Mr. Levinson beneficially owns 6,604 ordinary shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of restricted share units aligns the director's interests with the long-term performance of the company.
• The vesting period of the restricted share units encourages continued service on the board.

Future Outlook

The restricted share units will vest on January 1, 2026, contingent on continued board service.

Industry Context

This type of equity compensation is common for board members in publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice in the technology and manufacturing sectors, similar to companies like Jabil and Flex.
• The vesting period of approximately 13 months is also typical for these types of grants, aligning with industry norms for long-term incentive plans.

Stakeholder Impact

• The acquisition of restricted share units aligns the director's interests with those of shareholders.
• The vesting period encourages continued service on the board, which is beneficial for the company.

Key Dates

Keywords

restricted share units, director compensation, beneficial ownership, Fabrinet, equity, board of directors