Fresh Del Monte (NYSE: FDP) SVP logs tax-cover share sales and award vesting

Rhea-AI Filing Summary

Fresh Del Monte Produce SVP and CHRO Marissa R. Tenazas reported both stock sales and equity award vesting activity. On March 4, 2026, she sold a total of 1,969 Ordinary Shares of FDP at $42.28 per share in open-market transactions, with footnotes stating these shares were sold to cover withholding tax obligations related to vesting Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).

On March 3, 2026, multiple derivative transactions show the exercise or conversion of RSUs, PSUs and Dividend Equivalent Units (DEUs) into Ordinary Shares at $0.00 per share, reflecting equity incentives converting on a one-to-one basis into stock. Footnotes explain that RSUs and PSUs generally vest in three equal annual installments, with various awards scheduled to vest through 2029, and that certain PSU awards met minimum performance criteria at 100%.

Insights

Equity Compensation Analyst

Routine tax-related sales alongside equity vesting; no clear thesis change.

The transactions show Marissa R. Tenazas, SVP and CHRO of Fresh Del Monte Produce, selling 1,969 Ordinary Shares at $42.28 per share. Footnotes specify these sales cover withholding tax obligations tied to RSU and PSU vesting, which is a common administrative mechanism rather than a discretionary portfolio move.

On the same dates, derivative entries record the exercise or conversion of RSUs, PSUs and DEUs at $0.00 per share into Ordinary Shares, reflecting equity awards delivering value. Footnotes describe one-to-one conversion and vesting schedules extending to 2029, with certain PSUs having met minimum performance criteria at 100%. Overall, these activities appear to be standard compensation and tax events, with limited direct implications for broader shareholders beyond modest share flow.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tenazas Marissa R

(Last) (First) (Middle)

C/O FRESH DEL MONTE PRODUCE INC.

241 SEVILLA AVENUE

(Street)

CORAL GABLES FL 33134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC [ FDP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CHRO

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	03/03/2026		M		2,284	A	$0	5,948.966	D
Ordinary Shares	03/03/2026		M		2,284	A	$0	8,232.966	D
Ordinary Shares	03/03/2026		M		164(1)	A	$0	8,396.966	D
Ordinary Shares	03/04/2026		S		1,035(2)	D	$42.28	7,361.966	D
Ordinary Shares	03/04/2026		S		934(3)	D	$42.28	6,427.966	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units	(4)	03/03/2026		M			164.5688(1)	(4)	(4)	Ordinary Shares	164.5688	$0	646.3958	D
Restricted Stock Units	(5)	03/03/2026		M			2,284	(6)	(6)	Ordinary Shares	2,284	$0	4,570	D
Restricted Stock Units	(5)							(7)	(7)	Ordinary Shares	5,741		5,741	D
Performance Stock Units	(8)							(9)	(9)	Ordinary Shares	4,930		4,930	D
Performance Stock Units	(8)	03/03/2026		M			2,284	(10)	(10)	Ordinary Shares	2,284	$0	4,570	D
Performance Stock Units	(8)							(11)	(11)	Ordinary Shares	5,741		5,741	D

Explanation of Responses:

1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") vesting was paid in cash.

2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs.

3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs.

4. Each DEUs represent 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 RSUs and/or PSUs to which they relate.

5. The RSUs convert to Ordinary Shares on a one-to-one basis.

6. 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 3/3/2028.

7. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on each of 3/1/2027, 3/1/2028 and 3/1/2029.

8. The PSUs convert to Ordinary Shares on a one-to-one basis.

9. The PSUs were awarded on 4/1/2024 subject to meeting the minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 4/1/2026 and 4/1/2027.

10. The PSUs were awarded on 3/3/2025 subject to meeting the 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.

11. The PSUs were awarded on 3/2/2026 and are earned subject to meeting the minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each 3/1/2027, 3/1/2028 and 3/1/2029.

Remarks:

	/s/ Effie D. Silva, Attorney-in-Fact for Marissa R. Tenazas	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did FDP executive Marissa R. Tenazas report on this Form 4?

She reported open-market sales of 1,969 Ordinary Shares of Fresh Del Monte Produce at $42.28 per share and multiple conversions of RSUs, PSUs and Dividend Equivalent Units into Ordinary Shares at $0.00 per share as part of equity award vesting activity.

Why did FDP SVP and CHRO Marissa Tenazas sell shares of Fresh Del Monte Produce?

According to the footnotes, the reported sales represent shares sold to cover withholding tax obligations arising from the settlement of vesting Restricted Stock Units and Performance Stock Units, indicating tax-related transactions rather than purely discretionary open-market sales for personal portfolio reasons.

How many Fresh Del Monte Produce shares did Marissa Tenazas sell and at what price?

She sold a total of 1,969 Ordinary Shares of Fresh Del Monte Produce Inc. in two open-market transactions at a reported price of $42.28 per share, with the sales coded as open-market or private sale transactions under SEC transaction code “S.”

What equity awards for FDP’s Marissa Tenazas vested or converted in this Form 4?

The Form 4 shows exercises or conversions of Restricted Stock Units, Performance Stock Units and Dividend Equivalent Units into Ordinary Shares at $0.00 per share. Footnotes state these instruments convert on a one-to-one basis into Ordinary Shares when vesting or performance conditions are satisfied.

What vesting schedules are disclosed for FDP RSUs and PSUs held by Marissa Tenazas?

Footnotes state certain RSUs awarded on March 3, 2025 and March 2, 2026 vest in three equal annual installments, with remaining vestings scheduled between 2027 and 2029. PSUs granted in 2024, 2025 and 2026 also vest annually once minimum performance criteria, disclosed as met at 100% for some grants, are satisfied.