Form 4: Fabrinet Executive Harpal Gill Reports Stock Transaction
SEC Form 4 Filing
Harpal Gill, President & COO of Fabrinet, reports a transaction involving ordinary shares to cover tax liability.
Summary
- On August 18, 2024, Harpal Gill, President & COO of Fabrinet, engaged in a transaction involving ordinary shares.
- The transaction involved the disposal of 2,558 ordinary shares at a price of $231.08.
- These shares were withheld to cover the reporting person's tax liability in connection with the vesting of restricted share units.
- Following the transaction, Gill directly owns 34,742 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It is common for executives to sell shares to cover tax liabilities associated with vesting equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/18/2024 | Date of the stock transaction. |
| 08/20/2024 | Date of signature by Attorney-in-fact. |
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