Research Summary
AI-generated summary of this SEC filing
Fabrinet (FN) President & COO Harpal Receives RSU Award
What Happened
- Harpal Gill, President & COO of Fabrinet (FN), was granted 4,271 restricted share units (RSUs) on August 20, 2026. The reported acquisition price is $0 (this is an award/compensation grant, not a cash purchase or sale). The RSUs convert to shares only as they vest; there was no immediate transfer of unrestricted shares or sale.
Key Details
- Transaction date: 2026-08-20; Report filed: 2026-08-24 (filed within the normal two-business-day Form 4 window).
- Reported consideration: $0 (award/grant).
- Shares owned following the transaction: not specified in the filing.
- Footnote: Each RSU vests in three equal annual installments on Aug 20 of 2027, 2028 and 2029, subject to Harpal’s continued service through each vesting date.
- Transaction code: A (award/grant).
Context
- RSUs are a form of compensation: they represent a right to receive shares in the future if vesting conditions are met. Because this is a grant, it’s compensation-related and does not directly signal a purchase or sale by the insider.
- Vesting schedule and continued service requirement mean these shares will only become actual shares (and taxable events) as they vest in future years.