Fresh Del Monte (NYSE: FDP) CEO converts PSUs into 57,721 Ordinary Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce Inc. Chairman and CEO Mohammad Abu Ghazaleh reported equity compensation activity on March 1, 2026. He acquired 57,721 Ordinary Shares through the exercise and conversion of Performance Stock Units and 4,305 Ordinary Shares from Dividend Equivalent Units, both at $0.00 per share.
After these conversions, he directly held 5,024,250 Ordinary Shares, plus 10,221.4485 Dividend Equivalent Units, 7,589 Restricted Stock Units, and 70,961 Performance Stock Units. An additional 20,000 Ordinary Shares were reported as held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
62,026.567 shares exercised/converted
Mixed
8 txns
Insider
ABU GHAZALEH MOHAMMAD
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 4,305.567 | $0.00 | -- |
| Exercise | Performance Stock Units | 57,721 | $0.00 | -- |
| Exercise | Ordinary Shares | 57,721 | $0.00 | -- |
| Exercise | Ordinary Shares | 4,305 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 10,221.449 shares (Direct);
Performance Stock Units — 57,721 shares (Direct);
Ordinary Shares — 5,019,945 shares (Direct);
Restricted Stock Units — 7,589 shares (Direct);
Restricted Stock Unit — 70,961 shares (Direct);
Ordinary Shares — 20,000 shares (Indirect, Held by Spouse)
Footnotes (1)
- A fractional share of Dividend Equivalent Unit ("DEU") on the vesting of Performance Stock Unit ("PSUs") was paid in cash. Each Dividend Equivalent Unit ("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 Performance Stock Units ("PSUs") to which they relate. The RSUs convert to Ordinary Shares on a one-for-one basis. The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2026. The RSUs were awarded on 3/3/2025 and will vest in three equal installments over three years. The vestings will occur on 3/3/2026, 3/3/2027 and 3/3/2028. The PSUs convert to Ordinary Shares on a one-for-one basis. These PSUs were awarded on 3/1/2024 subject to meeting the minimum performance criteria which was met at 105.5%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 3/1/2026 and 3/1/2027. These PSUs were awarded on 3/3/2025 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/3/2026, 3/3/2027 and 3/3/2028.
FAQ
What did FDP Chairman and CEO Mohammad Abu Ghazaleh report on this Form 4?
Mohammad Abu Ghazaleh reported equity compensation activity, mainly the conversion of Performance Stock Units and Dividend Equivalent Units into Ordinary Shares at no cost, increasing his directly held Fresh Del Monte Produce Inc. shares and related equity-based award balances.
What are Dividend Equivalent Units in the FDP CEO’s Form 4 filing?
Dividend Equivalent Units represent a contingent right to receive one Ordinary Share each, mirroring dividends on underlying RSUs or PSUs. They convert into shares upon vesting, subject to the same restrictions and performance or time-based criteria as the related stock units.
How do the Restricted Stock Units reported for the FDP CEO work?
Restricted Stock Units convert to Ordinary Shares on a one-for-one basis. They vest in scheduled installments over multiple years, with specific remaining vesting dates such as March 2, 2026 and March 3, 2026–2028, depending on the original award grant date.
What performance condition is disclosed for the FDP Performance Stock Units?
Certain Performance Stock Units awarded on March 1, 2024 became earned after meeting minimum performance criteria at 105.5%. Once earned, these PSUs vest in three equal annual installments, with remaining vesting scheduled for March 1, 2026 and March 1, 2027.