Fabrinet (FN) President & COO Harpal Gill Withholds 2,291 Shares

What Happened

• Harpal Gill, President & COO of Fabrinet (FN), had a total of 2,291 shares withheld to satisfy tax liabilities related to the vesting of restricted stock units (RSUs). The transactions were reported as dispositions (withholding) rather than open-market sales.
• Details: 1,123 shares were withheld on 2026-08-21 at $436.67 each (reported value $490,380) and 1,168 shares were withheld on 2026-08-22 at $436.67 each (reported value $510,031). Combined value of the withheld shares is about $1,000,411.

Key Details

• Transaction dates and prices:
  • 2026-08-21: 1,123 shares withheld @ $436.67 = $490,380
  • 2026-08-22: 1,168 shares withheld @ $436.67 = $510,031
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: F1 indicates the shares were withheld to cover the reporting person's tax liability in connection with RSU vesting.
• Filing timeliness: Report filed 2026-08-25 for transactions on 8/21–8/22; this filing date is within the standard two-business-day Form 4 reporting window and was timely.

Context

• Withholding shares to cover taxes is a common administrative action when RSUs vest and is recorded as a disposition on Form 4. This is different from an open-market sale (which can signal liquidity needs or sentiment); withheld shares often never enter the market. Such routine tax-withholding transactions are generally not interpreted as a directional insider bet on the stock.