CEO Seamus sells 22,451 shares of FN for $10,034,497.19 on 2025-11-26, reducing stake by 48.8%.
Grady Seamus, CEO of Fabrinet, executed 4 separate sales totaling 22,451 shares for $10,034,497.19 at prices ranging from $445.38 to $448.36 on 2025-11-26, reducing his holdings from 46,024 to 23,573 shares (a 48.8% reduction). The blended average sale price was $446.95, approximately 0.6% below the current price of $449.59. At Fabrinet specifically, Seamus's prior 5 sales all occurred on 2025-08-27; all five showed positive 90-day returns (+29.0% to +31.0%), indicating none were well-timed entries (stock continued rising after those sales). The current filing occurs near the 52-week high of $486.91 (only 7.7% below it) and follows strong recent momentum: +2.0% over 30 days and +33.9% over 90 days. Cross-ticker, Seamus's 7 prior open-market sales averaged +19.8% return over 90 days, with only 14.29% well-timed rate. The significance of this sale lies in both its magnitude—nearly half his position in a $16.1B market cap company—and the timing context: executed near historical highs after sustained appreciation, though the lack of supporting documentation about motivations prevents definitive characterization of strategic intent.