FN Form 4: CFO Csaba Sverha PSU Vesting and 1,926 Shares Withheld for Taxes
Rhea-AI Filing Summary
Csaba Sverha, Chief Financial Officer of Fabrinet (FN), reported stock activity tied to performance-based awards. On 08/12/2025, PSUs granted August 24, 2023 vested after the Compensation Committee certified that pre-established performance targets were exceeded, resulting in 5,663 shares reported as acquired (per the filing). The filing also shows 1,926 shares were withheld to cover the reporting persons tax liability in connection with the PSU vesting, recorded as a disposition at a price of $348.33. Following the transactions, the filing lists beneficial ownership positions reported as 25,010, 30,673 and 28,747 shares in the table rows associated with those entries. The form was signed by Andrew Chew as attorney-in-fact on 08/14/2025.
Positive
- Performance targets were exceeded, leading to vesting of PSUs as certified by the Compensation Committee on 08/12/2025.
- 5,663 shares were delivered to the reporting person upon vesting, reflecting compensation tied to measured performance.
Negative
- 1,926 shares were withheld to cover tax liability in connection with the PSU vesting, reducing net shares received.
- Form 4 provides no percentage ownership or context relative to total outstanding shares, limiting assessment of ownership impact from this filing alone.
Insights
TL;DR: Insider received PSUs that vested after performance targets were met; a portion was withheld for taxes.
The filing documents routine compensation settlement rather than an open-market purchase or sale. The Certification by the Compensation Committee resulted in the vesting of PSUs granted in August 2023, producing 5,663 shares delivered to the reporting person and 1,926 shares withheld for tax obligations at a reported price of $348.33. This transaction reflects executive compensation realization tied to pre-established performance metrics. The reported post-transaction beneficial ownership figures are included on the form but the filing does not present additional context such as total outstanding shares or percentage ownership, so investor impact should be interpreted strictly as an insider compensation event.
TL;DR: The Compensation Committee certified performance results leading to PSU vesting; reporting follows Section 16 requirements.
The Form 4 shows compliance with disclosure rules for changes in beneficial ownership following the certification of performance targets by the issuers Compensation Committee on 08/12/2025. It discloses both the shares issued upon vesting and the shares withheld to satisfy tax liabilities, with an attorney-in-fact signature on 08/14/2025. From a governance perspective, the filing provides transparent attribution of the vesting event to committee certification and documents the tax withholding amount; no departures, grants beyond the August 2023 PSU award, or other governance actions are recorded in this form.