Form 4: Fabrinet Executive Harpal Gill Reports Changes in Beneficial Ownership
SEC Form 4
Harpal Gill, President & COO of Fabrinet, reports acquisition and disposal of ordinary shares and restricted share units.
Summary
- Harpal Gill, the President & COO of Fabrinet, filed a Form 4 with the SEC.
- The filing reports changes in beneficial ownership of Fabrinet securities.
- On August 22, 2024, Gill acquired 6,493 ordinary shares represented by Restricted Share Units (RSUs).
- Gill also disposed of 38,575 ordinary shares.
- The RSUs will vest in three equal annual installments on August 22, 2025, 2026, and 2027, contingent upon continued service with Fabrinet.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no inherently positive or negative implications.
Future Outlook
The vesting of the RSUs is contingent upon the Reporting Person's continued service with the Issuer.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders gain insight into the stock ownership of Fabrinet's President & COO.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of transaction: Acquisition of 6,493 RSUs and disposal of 38,575 ordinary shares. |
| 08/22/2025 | First vesting date for RSUs. |
| 08/22/2026 | Second vesting date for RSUs. |
| 08/22/2027 | Third vesting date for RSUs. |
| 08/23/2024 | Date of signature by Attorney-in-fact. |
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