FN Insider Filing: Edward Archer Withholds 1,148 Shares for Taxes
Rhea-AI Filing Summary
Edward T. Archer, EVP Sales & Marketing at Fabrinet (FN), reported a sale of 1,148 ordinary shares on 08/18/2025 at a price of $327.12 per share. The filing shows these shares were withheld to satisfy the reporting persons tax liability arising from the vesting of Restricted Share Units, and after the withholding Mr. Archer beneficially owned 11,540 shares. The Form 4 was signed by an attorney-in-fact on 08/20/2025. The report discloses an internal tax-related disposition rather than an open-market sale executed for cash proceeds.
Positive
- Disclosure provides clear explanation that the shares were withheld to satisfy tax obligations from RSU vesting
- Timely reporting with signature by an attorney-in-fact dated 08/20/2025
Negative
- Reported disposition reduced beneficial ownership to 11,540 ordinary shares after withholding
Insights
TL;DR: Insider reported a tax-withholding disposition of vested RSUs; ownership reduced to 11,540 shares, a routine, non-market sale.
The Form 4 shows a disposition of 1,148 ordinary shares at $327.12 attributed to withholding to cover tax from RSU vesting. This is a common administrative transaction that does not necessarily indicate a change in the executive's long-term view of the company. The filing provides precise quantities and price, enabling straightforward calculation of proceeds and post-transaction ownership.
TL;DR: Disclosure is timely and specific; transaction is described as tax-related withholding tied to RSU vesting.
The report identifies the reporting persons role and the nature of the transaction as tax withholding. That characterization is important for governance and compliance because it distinguishes administrative dispositions from voluntary open-market sales. The form includes signer details and an explanation, meeting standard Section 16 reporting expectations.