Del Monte exec sells 245 shares at $32.03
Del Monte Corp SVP Danny Dumas exercised equity awards and sold 245 shares mainly to cover tax withholding, while retaining significant RSU and PSU awards vesting through 2029.
Rhea-AI Filing Summary
DEL MONTE CORP (DMC) officer Danny Dumas, SVP, NA Sales, Marketing & Product Management, reported several equity compensation events and a small share sale. On September 8, 2026, he sold 245 Ordinary Shares at $32.03 in a transaction disclosed as covering withholding tax obligations on recently vested Performance Stock Units. On September 6, 2026, he exercised Performance Stock Units and Dividend Equivalent Units into 947.7228 Ordinary Shares, including 884 shares from Performance Stock Units and about 63 shares from Dividend Equivalent Units, with a fractional Dividend Equivalent Unit paid in cash. The filing reports no Rule 10b5-1 trading plan and shows continuing awards of Restricted Stock Units and Performance Stock Units that convert to Ordinary Shares on a one-for-one basis and vest in scheduled installments through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Dumas Danny
Role
SVP, NA Sales, Mkt & Prd Mgmt
Sold
245 shs ($8K)
Approx. gross sale proceeds
$8K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares F2 | 245 | $32.03 | $8K |
| Exercise | Dividend Equivalent Units F3, F4 | 63.7228 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F8, F9 | 884 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 884 | $0.00 | $0.00 |
| Exercise | Ordinary Shares F1 | 63 | $0.00 | $0.00 |
| holding | Restricted Stock Units F5, F6 | -- | -- | -- |
| holding | Restricted Stock Units F5, F7 | -- | -- | -- |
| holding | Performance Stock Units F8, F10 | -- | -- | -- |
| holding | Performance Stock Units F8, F11 | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 560.3216 contracts (Direct);
Performance Stock Units — 6,427 contracts for 5,543 underlying shares (Direct);
Ordinary Shares — 3,262 shares (Direct);
Restricted Stock Units — 5,543 contracts (Direct)
Footnotes (11)
- F1. A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting were paid in cash.
- F2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs.
- F3. Each DEU represents a contingent right to receive one ordinary share of FDP. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying Restricted Stock Units ("RSUs") and/or PSUs to which they relate.
- F4. Reflects 356.2644 DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and PSUs granted to the Reporting Person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders. Dividend equivalents on RSUs and PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and PSUs.
- F5. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F6. The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/20228.
- F7. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on 3/2/2027, 3/2/2028 and 3/2/2029.
- F8. The PSUs convert to Ordinary Shares on a one-for-one basis.
- F9. The PSUs were awarded on 9/6/2024 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 9/6/2027.
- F10. The PSUs were awarded on 3/3/2025 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 3/3/2027 and 3/3/2028.
- F11. The PSUs were awarded 3/2/2026 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2027, 3/2/2028 and 3/2/2029.
Key Figures
Shares sold: 245 Ordinary Shares
Sale price per share: $32.03 per share
Performance Stock Units exercised: 884 units
+5 more
8 metrics
Shares sold
245 Ordinary Shares
Sale on September 8, 2026 to cover withholding tax obligations
Sale price per share
$32.03 per share
Open-market or private sale on September 8, 2026
Performance Stock Units exercised
884 units
Converted into 884 Ordinary Shares on September 6, 2026
Dividend Equivalent Units exercised
63.7228 units
Converted into 63.7228 Ordinary Shares on September 6, 2026; fractional part paid in cash
Dividend Equivalent Units remaining
560.3216 units
Reported remaining DEUs after exercises, related to outstanding RSUs and PSUs
Restricted Stock Units underlying shares (grant 1)
2,643 Ordinary Shares
RSUs converting one-for-one into Ordinary Shares, vesting through 2028
Restricted Stock Units underlying shares (grant 2)
2,900 Ordinary Shares
Additional RSUs converting one-for-one into Ordinary Shares, vesting through 2029
Performance Stock Units underlying shares (selected grants)
2,643 and 2,900 Ordinary Shares
PSUs converting one-for-one into Ordinary Shares, subject to performance criteria
Key Terms
Dividend Equivalent Units, Performance Stock Units, Restricted Stock Units, withholding tax obligations
4 terms
Dividend Equivalent Units financial
"A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units vesting were paid in cash."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Performance Stock Units financial
"The PSUs convert to Ordinary Shares on a one-for-one basis."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"The RSUs convert to Ordinary Shares on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding tax obligations financial
"Represents shares sold to cover withholding tax obligations on the settlement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did DEL MONTE CORP (DMC) executive Danny Dumas report in this Form 4?
He reported exercising Performance Stock Units and Dividend Equivalent Units into 947.7228 Ordinary Shares and selling 245 Ordinary Shares at $32.03 on September 8, 2026, in a transaction tied to tax withholding on vested PSUs.
Does this DEL MONTE CORP (DMC) Form 4 involve a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnotes do not describe any Rule 10b5-1 or pre-arranged trading plan for these transactions.
What ongoing DEL MONTE CORP (DMC) equity awards does Danny Dumas still hold?
He is reported to hold Restricted Stock Units and Performance Stock Units covering 2,643 and 2,900 underlying Ordinary Shares, respectively, in each category. These awards vest in scheduled installments through dates including 2027, 2028, and 2029, subject to stated performance criteria for PSUs.
How many Dividend Equivalent Units remain for Danny Dumas at DEL MONTE CORP (DMC)?
After the reported exercise, the filing shows 560.3216 Dividend Equivalent Units remaining. Footnotes explain that each Dividend Equivalent Unit represents a contingent right to receive one Ordinary Share and follows the same vesting and performance conditions as the related RSUs or PSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
