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
- None.
Negative
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Ordinary Shares | 3,824 | $327.12 | $1.25M |
Footnotes (1)
- F1. The reported shares were withheld to cover the Reporting Person's tax liability in connection with the vesting of Restricted Share Units.
FAQ
What did Fabrinet insider Seamus Grady report on Form 4 (FN)?
Was the Form 4 filed individually or on behalf of multiple reporting persons?
Who signed the Form 4 and when was it signed?
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