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    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

    CS
    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

    OrganizationRoleDate RangeDetails
    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 NameAmountPayment ScheduleAdditional Details
    Salary $1,250,000 Annual (FY 2024)Annual Base Salary
    RSUs $2,650,000 As Granted in FY 2024Grant 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

    MetricValue
    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 PeriodFiscal 2024
    PaymentCash bonus upon performance review

    Performance Share Units (PSUs)

    MetricDetails
    Performance Metrics50% Cumulative Revenue Goal and 50% Cumulative Non-GAAP Operating Margin Goal
    Threshold90% performance unlocks 20% vesting per goal
    Target100% or more unlocks 100% vesting per goal
    Vesting Schedule2-year performance period (FY 2024-2025); vests upon performance certification and continued service
    Grant DateAugust 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)

    MetricDetails
    Performance Metrics50% 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 ConditionsNo vesting if target not met; linear scaling between threshold and 100% if achieved
    Vesting ScheduleSame as PSUs – 2-year performance period (FY 2024-2025)
    Grant DateAugust 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.