FN Form 4: Seamus Grady Surrenders 3,824 Shares to Cover RSU Taxes
Rhea-AI Filing Summary
Fabrinet (FN) director and CEO Seamus Grady reported a non-derivative disposition of 3,824 ordinary shares on 08/18/2025 at a reported price of $327.12 per share. The filing states the shares were withheld to cover the reporting person’s tax liability arising from the vesting of Restricted Share Units, a routine post-vesting tax withholding practice. After the transaction, the filing shows beneficial ownership of 48,920 ordinary shares held directly. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Grady on 08/20/2025.
Positive
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Insights
TL;DR: Routine tax-withholding sale of RSU shares by CEO; no new compensation grants or unusual timing disclosed.
The filing documents a common post-vesting event where 3,824 shares were surrendered to satisfy tax obligations from vested Restricted Share Units. This is a standard administrative transaction that reduces the reporting person's direct share count to 48,920. There is no indication in the Form 4 of additional compensation awards, option exercises, or coordinated transactions that would suggest a change in governance or executive incentives. From a governance perspective, such withholdings are ordinary and not material by themselves.
TL;DR: Insider disposed of 3,824 shares at $327.12 via tax withholding; transaction size appears routine relative to insider ownership.
The report lists a disposal (code F) of 3,824 shares at $327.12, described as shares withheld to cover taxes on RSU vesting. The filing does not show any open-market sales, purchases, or derivative transactions. Without additional context on average daily volume or recent share grants, this transaction should be viewed as an administrative sale rather than a signal of insider sentiment. Beneficial ownership after the transaction is reported as 48,920 shares directly held.