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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Jun. 28, 2024

Jun. 30, 2023

Jun. 24, 2022

Jun. 25, 2021

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Section 952(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended, we are providing the following information about the relationship between executive “compensation actually paid” and certain measures of company performance for each of the last three completed fiscal years. The material that follows is provided in compliance with these rules. For information on how the Compensation Committee seeks to align pay with performance when making compensation decisions,

please review “Executive Compensation—Compensation Discussion and Analysis” above.

In determining the “compensation actually paid” (CAP) to our Named Officers (NEOs), we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table as the SEC’s rules for this disclosure differ from those required in the Summary Compensation Table. For our NEOs other than our principal executive officer (PEO), amounts disclosed are reported as an average.

Pay Versus Performance Table


	Fiscal Year⁽¹⁾			Summary Compensation Table Total for PEO ($)⁽²⁾			Compensation Actually Paid to PEO ($)⁽³⁾			Average Summary Compensation Table Total for Non-PEO NEOs ($)⁽⁴⁾			Average Compensation Actually Paid to Non-PEO NEOs ($)⁽⁵⁾			Value of Initial Fixed $100 Investment Based On:						Net Income ($)⁽⁸⁾			Company Selected Measure (Revenue) ($)⁽⁹⁾
	Fiscal Year⁽¹⁾			Summary Compensation Table Total for PEO ($)⁽²⁾			Compensation Actually Paid to PEO ($)⁽³⁾						Average Compensation Actually Paid to Non-PEO NEOs ($)⁽⁵⁾			Total Shareholder Return($)⁽⁶⁾			Peer Group Total Shareholder Return($)⁽⁷⁾			Net Income ($)⁽⁸⁾			Company Selected Measure (Revenue) ($)⁽⁹⁾
	2024			11,082,191			22,024,695			5,460,058			10,114,716			412.45			93.26			296,181,000			2,882,967,000
	2023			10,527,608			16,428,208			5,203,532			7,754,768			218.84			94.58			247,913,000			2,645,237,000
	2022			9,936,955			7,818,062			4,798,154			3,840,220			140.20			93.59			200,380,000			2,262,224,000
	2021			7,861,070			13,832,541			5,447,900			7,965,580			160.56			125.54			148,341,000			1,879,350,000

(1)	The following table shows our PEO and non-PEO NEOs for each of the reported fiscal years.

Fiscal 2024

Fiscal 2023

Fiscal 2022

Fiscal 2021

PEO

Seamus Grady

Seamus Grady

Seamus Grady

Seamus Grady

Non-PEO NEOs

Dr. Harpal Gill

Dr. Harpal Gill

Dr. Harpal Gill

Dr. Harpal Gill

Csaba Sverha

Csaba Sverha

Csaba Sverha

Csaba Sverha

Edward T. Archer

Edward T. Archer

Edward T. Archer

Edward T. Archer

Toh-Seng Ng

(2)	The dollar amounts reported in this column are the amounts of total compensation reported for our PEO in the “Total” column of the Summary Compensation Table for the applicable fiscal year.

(3)

CAP does not mean that our PEO was actually paid the amounts reported in this column, but is a dollar amount derived from the starting point of total compensation reported for our PEO in the “Total” column of the Summary Compensation Table for the applicable fiscal year, as adjusted in accordance with SEC rules. For purposes of calculating CAP, the fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (FASB ASC Topic 718) using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table. In accordance with SEC rules, the following adjustments were made to determine CAP to our PEO for fiscal year 2024, which consisted solely of adjustments to equity awards:


	Adjustment Table for PEO			Fiscal 2024
	Summary Compensation Table Total for PEO			$11,082,191
	Subtract grant date fair value of equity awards reported in Summary Compensation Table			(7,799,780)
	Add the fair value as of the end of the covered fiscal year of equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year			12,015,028
	Adjust for the change in fair value as of the end of covered fiscal year (from the end of the prior fiscal year) of equity awards granted in prior fiscal years that are outstanding and unvested as of the end of covered fiscal year			7,437,549
	Add, for equity awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date			—
	Adjust for the change in fair value as of vesting date (from the end of the prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year			(710,293)
	Subtract, for equity awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the fair value as of the end of prior fiscal year			—
	Total Equity Adjustments (subtotal)			10,942,504
	Compensation Actually Paid to PEO			$22,024,695

(4)	The dollar amounts reported in this column are the average of the amounts of total compensation reported for our non-PEO NEOs in the “Total” column of the Summary Compensation Table for the applicable fiscal year.

(5)

CAP does not mean that our non-PEO NEOs were actually paid the amounts reported in this column, but is a dollar amount derived from the starting point of the average total compensation reported for our non-PEO NEOs in the “Total” column of the Summary Compensation Table for the applicable fiscal year, as adjusted in accordance with SEC rules. For purposes of calculating CAP, the fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (FASB ASC Topic 718) using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table. In accordance with SEC rules, the following adjustments were made to determine the average CAP to our non-PEO NEOs during fiscal 2024, which consisted solely of adjustments to equity awards:


	Adjustment Table for non-PEO NEOs			Fiscal 2024
	Average Summary Compensation Table Total for non-PEO NEOS			$5,460,058
	Subtract grant date fair value of equity awards reported in Summary Compensation Table			(3,274,658)
	Add the fair value as of the end of the covered fiscal year of equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year			5,044,387
	Adjust for the change in fair value as of the end of covered fiscal year (from the end of the prior fiscal year) of equity awards granted in prior fiscal years that are outstanding and unvested as of the end of covered fiscal year			3,180,632
	Add, for equity awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date			—
	Adjust for the change in fair value as of vesting date (from the end of the prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year			(295,703)
	Subtract, for equity awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the fair value as of the end of prior fiscal year			—
	Total Equity Adjustments (subtotal)			4,654,658
	Average Compensation Actually Paid to non-PEO NEOs			$10,114,716

(6)	Total shareholder return is calculated by assuming that a $100 investment was made on the day prior to the first fiscal year reported and reinvesting all dividends until the last day of each reported fiscal year.

(7)

The peer group used is the NASDAQ Telecommunications Index, which we also use in the stock performance graph required by Item 201(e) of Regulation S-K under the Securities Exchange Act of 1934, as amended, and included in our Annual Report on Form 10-K for the fiscal year ended June 28, 2024. Peer group total shareholder return is calculated by assuming that a $100 investment was made on the day prior to the first fiscal year reported and reinvesting all dividends until the last day of each reported fiscal year.

(8)	The dollar amounts reported in this column are the amounts of net income reflected in our audited financial statements for the reported fiscal year.

(9)	In our assessment, revenue is the most important financial performance measure used by Fabrinet in fiscal 2024 to link CAP to performance. The dollar amounts reported in this column are the amounts of revenue reflected in our audited financial statements for the reported fiscal year.

Company Selected Measure Name

revenue

Named Executive Officers, Footnote

(1)	The following table shows our PEO and non-PEO NEOs for each of the reported fiscal years.

Fiscal 2024

Fiscal 2023

Fiscal 2022

Fiscal 2021

PEO

Seamus Grady

Seamus Grady

Seamus Grady

Seamus Grady

Non-PEO NEOs

Dr. Harpal Gill

Dr. Harpal Gill

Dr. Harpal Gill

Dr. Harpal Gill

Csaba Sverha

Csaba Sverha

Csaba Sverha

Csaba Sverha

Edward T. Archer

Edward T. Archer

Edward T. Archer

Edward T. Archer

Toh-Seng Ng

Peer Group Issuers, Footnote

(7)

The peer group used is the NASDAQ Telecommunications Index, which we also use in the stock performance graph required by Item 201(e) of Regulation S-K under the Securities Exchange Act of 1934, as amended, and included in our Annual Report on Form 10-K for the fiscal year ended June 28, 2024. Peer group total shareholder return is calculated by assuming that a $100 investment was made on the day prior to the first fiscal year reported and reinvesting all dividends until the last day of each reported fiscal year.

PEO Total Compensation Amount

$ 11,082,191

$ 10,527,608

$ 9,936,955

$ 7,861,070

PEO Actually Paid Compensation Amount

$ 22,024,695

16,428,208

7,818,062

13,832,541

Adjustment To PEO Compensation, Footnote

(3)

CAP does not mean that our PEO was actually paid the amounts reported in this column, but is a dollar amount derived from the starting point of total compensation reported for our PEO in the “Total” column of the Summary Compensation Table for the applicable fiscal year, as adjusted in accordance with SEC rules. For purposes of calculating CAP, the fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (FASB ASC Topic 718) using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table. In accordance with SEC rules, the following adjustments were made to determine CAP to our PEO for fiscal year 2024, which consisted solely of adjustments to equity awards:


	Adjustment Table for PEO			Fiscal 2024
	Summary Compensation Table Total for PEO			$11,082,191
	Subtract grant date fair value of equity awards reported in Summary Compensation Table			(7,799,780)
	Add the fair value as of the end of the covered fiscal year of equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year			12,015,028
	Adjust for the change in fair value as of the end of covered fiscal year (from the end of the prior fiscal year) of equity awards granted in prior fiscal years that are outstanding and unvested as of the end of covered fiscal year			7,437,549
	Add, for equity awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date			—
	Adjust for the change in fair value as of vesting date (from the end of the prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year			(710,293)
	Subtract, for equity awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the fair value as of the end of prior fiscal year			—
	Total Equity Adjustments (subtotal)			10,942,504
	Compensation Actually Paid to PEO			$22,024,695

Non-PEO NEO Average Total Compensation Amount

$ 5,460,058

5,203,532

4,798,154

5,447,900

Non-PEO NEO Average Compensation Actually Paid Amount

$ 10,114,716

7,754,768

3,840,220

7,965,580

Adjustment to Non-PEO NEO Compensation Footnote

(5)

CAP does not mean that our non-PEO NEOs were actually paid the amounts reported in this column, but is a dollar amount derived from the starting point of the average total compensation reported for our non-PEO NEOs in the “Total” column of the Summary Compensation Table for the applicable fiscal year, as adjusted in accordance with SEC rules. For purposes of calculating CAP, the fair value of equity awards is calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (FASB ASC Topic 718) using the same assumption methodologies used to calculate the grant date fair value of awards for purposes of the Summary Compensation Table. In accordance with SEC rules, the following adjustments were made to determine the average CAP to our non-PEO NEOs during fiscal 2024, which consisted solely of adjustments to equity awards:


	Adjustment Table for non-PEO NEOs			Fiscal 2024
	Average Summary Compensation Table Total for non-PEO NEOS			$5,460,058
	Subtract grant date fair value of equity awards reported in Summary Compensation Table			(3,274,658)
	Add the fair value as of the end of the covered fiscal year of equity awards granted in the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year			5,044,387
	Adjust for the change in fair value as of the end of covered fiscal year (from the end of the prior fiscal year) of equity awards granted in prior fiscal years that are outstanding and unvested as of the end of covered fiscal year			3,180,632
	Add, for equity awards that are granted and vest in the same covered fiscal year, the fair value as of the vesting date			—
	Adjust for the change in fair value as of vesting date (from the end of the prior fiscal year) of equity awards granted in prior fiscal years for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year			(295,703)
	Subtract, for equity awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the fair value as of the end of prior fiscal year			—
	Total Equity Adjustments (subtotal)			4,654,658
	Average Compensation Actually Paid to non-PEO NEOs			$10,114,716

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between Compensation Actually Paid and Performance Measures

CAP Versus Total Shareholder Return

The following graph reflects the relationship between CAP, our cumulative Total Shareholder Return (“TSR”) and the TSR of the NASDAQ Telecommunications Index (“Peer TSR”), assuming an initial fixed investment on June 26, 2020 of $100.

Compensation Actually Paid vs. Net Income

Relationship Between Compensation Actually Paid and Performance Measures

CAP Versus Net Income and Revenue

The following graph reflects the relationship between CAP, our net income and our revenue.

Compensation Actually Paid vs. Company Selected Measure

Relationship Between Compensation Actually Paid and Performance Measures

CAP Versus Net Income and Revenue

The following graph reflects the relationship between CAP, our net income and our revenue.

Total Shareholder Return Vs Peer Group

Relationship Between Compensation Actually Paid and Performance Measures

CAP Versus Total Shareholder Return

The following graph reflects the relationship between CAP, our cumulative Total Shareholder Return (“TSR”) and the TSR of the NASDAQ Telecommunications Index (“Peer TSR”), assuming an initial fixed investment on June 26, 2020 of $100.

Tabular List, Table

Fiscal 2024 Performance Measures

In accordance with SEC rules, the financial performance measures listed below represent, in our assessment, the most important financial performance measures used in fiscal 2024 to link CAP to company performance.

•

Revenue

•	Gross margin percentage (non-GAAP)

•	Operating margin percentage (non-GAAP)

•	Earnings per diluted share (non-GAAP)

Total Shareholder Return Amount

$ 412.45

218.84

140.2

160.56

Peer Group Total Shareholder Return Amount

93.26

94.58

93.59

125.54

Net Income (Loss)

$ 296,181,000

$ 247,913,000

$ 200,380,000

$ 148,341,000

Company Selected Measure Amount

2,882,967,000

2,645,237,000

2,262,224,000

1,879,350,000

Seamus Grady

Seamus Grady

Seamus Grady

Seamus Grady

Pay vs Performance Disclosure

Revenue

Pay vs Performance Disclosure

Gross margin percentage (non-GAAP)

Pay vs Performance Disclosure

Operating margin percentage (non-GAAP)

Pay vs Performance Disclosure

Earnings per diluted share (non-GAAP)

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 10,942,504

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(7,799,780)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

12,015,028

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

7,437,549

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(710,293)

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

4,654,658

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(3,274,658)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,044,387

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,180,632

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(295,703)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0