Seamus Grady

Chief Executive Officer and Director at Fabrinet

Board

Since September 2017

Age

57 years

Education

Holds a B. Tech in Manufacturing Technology from the National University of Ireland, Galway (NUIG).

Tenure

Joined Fabrinet in September 2017 and has served as the Chief Executive Officer and Director since, bringing extensive leadership and operational experience from previous roles in the electronics manufacturing services industry.

Also at Fabrinet

Csaba Sverha

Executive Vice President and Chief Financial Officer

DHG

Dr. Harpal Gill

President and Chief Operating Officer

ETA

Edward T. Archer

Executive Vice President, Sales & Marketing

About

Seamus Grady is the Chief Executive Officer and Director at Fabrinet, having joined the company in September 2017 to lead its strategic initiatives and operational activities.

With a solid educational foundation in manufacturing technology from the National University of Ireland, Galway, he has developed a deep expertise in operations and leadership over a career spanning several decades, including significant roles at Manufacturers Services Limited, Lucent Technologies, and Sanmina Corporation.

At Fabrinet, his leadership is characterized by a focus on enhancing operational efficiency and driving sustainable growth, leveraging his extensive background in the electronics manufacturing services sector, while his age of 57 as of October 2024 reflects a mature and experienced executive profile.

$FN Performance Under Seamus Grady

Past Roles

Organization	Role	Date Range	Details
Sanmina Corporation	Executive Vice President and Chief Operating Officer, Mechanical Systems Division	October 2012 to May 2017	N/A
Sanmina Corporation	Senior Vice President, Medical Division	June 2011 to October 2012	N/A
Sanmina Corporation	Senior Vice President, Global Medical Operations	March 2009 to June 2011	N/A
Sanmina Corporation	Various operations roles	2000 to March 2009	N/A
Lucent Technologies Inc. (formerly Ascend Communications)	Director of Materials and Supply Chain Management	1999 to 2000	N/A
Manufacturers Services Limited (now Celestica)	Various operations roles	1989 to 1999	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1,250,000	Annual (FY 2024)	Annual Base Salary
RSUs	$2,650,000	As Granted in FY 2024	Grant Date Value of RSUs
Transportation Allowance	$12,000	Annual (FY 2024)	Automobile allowance
Health Insurance Premiums	$55,398	Annual (FY 2024)	Covers health insurance premiums
Company-Paid 401(k) Contributions	$20,700	Annual (FY 2024)	Company contributions to 401(k)

Performance Compensation

Data from FY 2024

Non-Equity Incentive Plan Bonus

Metric	Value
Threshold	$162,500 (10% of target)
Target	$1,625,000 (130% of salary)
Maximum (Cap)	$1,950,000 (156% of salary)
Achieved Payout	$1,944,313 (119% of target bonus opportunity)
Evaluation Period	Fiscal 2024
Payment	Cash bonus upon performance review

Performance Share Units (PSUs)

Metric	Details
Performance Metrics	50% Cumulative Revenue Goal and 50% Cumulative Non-GAAP Operating Margin Goal
Threshold	90% performance unlocks 20% vesting per goal
Target	100% or more unlocks 100% vesting per goal
Vesting Schedule	2-year performance period (FY 2024-2025); vests upon performance certification and continued service
Grant Date	August 24, 2023
Grant Date Fair Value	$2,599,927 for PSUs portion
Combined Maximum Value (PSUs + Stretch PSUs)	$5,199,853 for FY 2024-2025 period

Stretch Performance Share Units (Stretch PSUs)

Metric	Details
Performance Metrics	50% based on a cumulative Revenue Goal and 50% based on a cumulative Non-GAAP Operating Margin Goal, each set at 5% above the standard PSU targets
Vesting Conditions	No vesting if target not met; linear scaling between threshold and 100% if achieved
Vesting Schedule	Same as PSUs – 2-year performance period (FY 2024-2025)
Grant Date	August 24, 2023
Grant Date Fair Value	$2,599,927 for Stretch PSUs

The above performance compensation components reflect the detailed performance metrics, targets, thresholds, vesting schedules, evaluation periods, and actual results leading to payouts for FY 2024.