Form 4: Fabrinet Director Thomas F. Kelly Acquires Restricted Share Units

Director Thomas F. Kelly of Fabrinet acquired 895 restricted share units as part of his compensation for serving on the board.

Summary

• Thomas F. Kelly, a director at Fabrinet, was granted 895 restricted share units on December 12, 2024.
• These restricted share units were awarded as part of his compensation for serving on the company's Board of Directors.
• Each restricted share unit represents a contingent right to receive one ordinary share of Fabrinet stock.
• The restricted share units will vest on January 1, 2026, provided Mr. Kelly continues to serve on the board through that date.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The grant of restricted share units aligns the director's interests with those of the shareholders.
• The vesting schedule 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

The granting of restricted share units is a common practice for compensating board members in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Many technology companies use restricted stock units as part of their compensation packages for directors.
• The vesting period of approximately 13 months is fairly standard for these types of grants.
• Companies like Jabil and Flex also use similar equity-based compensation for their board members.

Stakeholder Impact

• Shareholders may view this positively as it aligns the director's interests with the company's performance.
• The director is incentivized to continue serving on the board.

Key Dates

Keywords

restricted share units, director compensation, board of directors, equity, Fabrinet, Thomas F. Kelly