Fabrinet (FN) EVP Edward T. Archer Withholds 1,096 Shares for Taxes
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Fabrinet (FN) EVP Edward T. Archer Withholds 1,096 Shares for Taxes
What Happened
Edward T. Archer, EVP of Sales & Marketing at Fabrinet (FN), had a total of 1,096 shares withheld to cover tax liabilities arising from the vesting of restricted share units (RSUs). On 2026-08-21, 546 shares were withheld at $436.67/share (value $238,422). On 2026-08-22, 550 shares were withheld at $436.67/share (value $240,169). These withholdings are tax-related disposals rather than open-market sales.
Key Details
- Transaction dates & prices: 2026-08-21 (546 shares @ $436.67) and 2026-08-22 (550 shares @ $436.67).
- Total shares withheld: 1,096; total value ≈ $478,591.
- Footnote: Shares were withheld to cover the Reporting Person’s tax liability in connection with RSU vesting (tax withholding code F).
- Filing: Form 4 filed 2026-08-25 for transactions dated 2026-08-21/22; the filing is marked late (L).
- Shares owned after transaction: not specified in the provided excerpt.
Context
Withholding shares to satisfy tax on vested RSUs is a routine, administrative transaction and does not necessarily indicate that the insider is selling stock for investment reasons. Such disposals typically provide less insight into insider sentiment than open-market purchases. The late filing reduces short-term transparency but does not change the nature of the transaction.