David T. Mitchell is the founder of Fabrinet and has been leading the company as the CEO since 2000. His background in engineering helped him steer the company towards success in the manufacturing of optical components. A graduate of the...

David T. Mitchell is the founder of Fabrinet and has been leading the company as the CEO since 2000. His background in engineering helped him steer the company towards success in the manufacturing of optical components. A graduate of the University of California, Berkeley, Mitchell started his career by co-founding Seagate Technology, where he played a key role in developing disk drive manufacturing. He has held several top positions in the tech industry, managing factories in countries like Singapore, Thailand, and India. During his tenure at Fabrinet, he has overseen significant growth and even led the company through its initial public offering in 2010. His compensation has seen notable increases, especially a substantial rise in 2021, where he earned over $9 million, reflecting the company's performance. Interestingly, Mitchell has also been active in trading Fabrinet shares, making transactions that show confidence in the company’s future. Overall, his experience and decisions have been pivotal in shaping Fabrinet into a major player in its field.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Fabrinet CEOs

F

David T. Mitchell

Ex-CEO of Fabrinet

Education

Bachelor's degree in Electrical Engineering from the University of California, Berkeley.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1956 - 69 years ago

CEO of Fabrinet for

13 years 7 months (Jan 2008 - Aug 2021)

Previous Experience

Various executive roles in the technology sector, including leading companies in the optical communications space.

Rivals

Competitors/colleagues of David T. Mitchell

Z

Jay Chaudhry

Founder and CEO of Zscaler

2022 Compensation

Stock

$41.51M

Salary

$23.66K

Bonus

$0.00

Other

$0.00

Total Holdings

$513.27M

A

Brian Chesky

Founder and CEO of Airbnb

2023 Compensation

Stock

$0.00

Salary

$1.00

Bonus

$0.00

Other

$295.12K

Total Holdings

$1.49B

Holdings

See how much did David T. Mitchell make over time.

David T. Mitchell has been heavily involved in Fabrinet’s stock trades, with significant sales over the years. In September 2019, he executed a notable transaction worth $10.72 million. Since then, he consistently sold shares, with transactions ranging from around $4...

David T. Mitchell has been heavily involved in Fabrinet’s stock trades, with significant sales over the years. In September 2019, he executed a notable transaction worth $10.72 million. Since then, he consistently sold shares, with transactions ranging from around $4 to $9 million monthly between late 2020 and early 2022. His trading patterns suggest that for a time, a substantial portion of his net worth was tied to Fabrinet shares, reflecting his strong belief in the company's long-term prospects. As of recently, his stock holdings have fluctuated, but he continues to show engagement with Fabrinet’s stock, indicating confidence in the company's direction. This activity might also reflect strategic planning on his part, balancing personal wealth with the company’s growth.

Total Stock Sold

$161.54M

FN

$161.54M

6,092,805 FN shares

What if they kept their stock?

If David T. Mitchell didn't sell their stock, today they would have:
Extra FN6,092,805 shares worth $397.68M.
This is 146.19% and $236.14M more than what they got when they sold the stock.

Charitable Transactions

FN

16,000 shares

FN

Recent Charitable Transactions

FN

16,000 shares

FN

Dec 1, 2017

Charity

Insider Trading

See recent insider trades of David T. Mitchell.

FN

1,282 shares

FN

Dec 12, 2023

Received

FN

1,679 shares

FN

Dec 8, 2022

Received

FN

$5.49M

FN at $109.80/share

Aug 23, 2022

Sale

FN

1,746 shares

FN

Dec 9, 2021

Received

FN

2,890 shares

FN

Dec 10, 2020

Received

FN

$1.95M

FN at $65.09/share

Jan 2, 2020

Sale

FN

3,174 shares

FN

Dec 12, 2019

Received

FN

$1.81M

FN at $60.36/share

Dec 2, 2019

Sale

FN

$1.71M

FN at $56.93/share

Nov 1, 2019

Sale

FN

$1.58M

FN at $52.62/share

Oct 1, 2019

Sale

Compensation History

See how much did David T. Mitchell make over time.

David T. Mitchell's compensation has increased significantly over the years, signifying the value he brings to Fabrinet. In 2021, his total earnings reached about $9.37 million, which included his base salary of $1.025 million and cash bonuses based on the company's performance. Prior years also show him earning over $7 million, especially during strong fiscal years. His compensation structure is designed to align with company metrics, meaning he earns more when Fabrinet performs well. This performance-based pay reflects the commitment both to his role and to Fabrinet's success, highlighting his dedication to shareholder value while ensuring his leadership is rewarded fairly. Clearly, his financial success is tied to the company's achievements, which drives him to push for more growth.

Year

2021

Total Compensation

$5.14M

Salary

$1.03M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives, aligning their interests with those of shareholders through performance-based compensation.

Bonus

$1.64M

Board Justification

Cash bonuses earned under the Fiscal 2022 Bonus Plan based on company performance metrics.

Other

$74.14K

Board Justification

Includes transportation allowance, health insurance premiums, and company-paid 401(k) contributions.

Restricted Stock

$2.40M(23.75K RSU)

Board Justification

Restricted Stock Units (RSUs) granted on August 19, 2021, vesting in equal annual installments over three years, subject to continued service.

Performance Metrics

Performance metrics for the cash bonus were based on fiscal year revenue and non-GAAP operating margin.

Other Fabrinet CEOs

Here are other CEOs of Fabrinet

Seamus Grady

CEO of Fabrinet

August 2021 - Present