Fabrinet CEO Seamus Grady Receives Award; Shares Withheld for Taxes

What Happened
Seamus Grady, CEO of Fabrinet (FN), received 20,029 shares upon vesting of performance-based restricted stock units (PSUs) on August 11, 2026 (two grants: 10,121 and 9,908 shares, issued at $0.00). To satisfy the related tax withholding, 10,806 of those shares were surrendered/withheld at a reported per-share value of $525.88, representing proceeds of $5,682,659 (reported as a disposition).

Key Details

• Transaction dates: August 11, 2026 (vesting and withholding); Form 4 filed August 13, 2026.
• Awards: 10,121 shares and 9,908 shares acquired (code A) at $0.00 (vested PSUs).
• Tax withholding: 10,806 shares disposed/withheld (code F) at $525.88 per share, total $5,682,659.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: The PSUs were granted August 22, 2024 and vested because Fabrinet exceeded pre-established performance targets certified by the Compensation Committee on August 11, 2026 (F1). The withheld 10,806 shares were surrendered to cover the reporting person’s tax liability upon vesting (F2).
• Transaction codes: A = Award/Grant; F = Tax withholding (not an open-market sale).

Context
This was a vesting of performance awards, not an open-market sale or a new purchase. The withholding of shares to cover taxes is a common, routine administrative step following equity vesting (a form of cashless tax payment) and should not be read as an active directional trade by the insider.