Fresh Del Monte (NYSE: FDP) CEO reports major RSU and PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce Inc. Chairman and CEO Mohammad Abu Ghazaleh reported multiple equity award activities on March 2, 2026. Dividend Equivalent Units and Restricted Stock Units were exercised or converted at $0.00 per share, delivering 7,589 Ordinary Shares and 802 Ordinary Shares, respectively.
On the same date, he received grants of 55,788 Restricted Stock Units and 55,788 Performance Stock Units, each convertible into Ordinary Shares on a one-for-one basis, subject to time-based vesting and, for PSUs, performance criteria. Footnotes describe multi-year vesting schedules running through 2029 and performance achievement of 105.5% for one PSU award.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,391.932 shares exercised/converted
Mixed
10 txns
Insider
ABU GHAZALEH MOHAMMAD
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 802.932 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,589 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 55,788 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 55,788 | $0.00 | -- |
| Exercise | Ordinary Shares | 7,589 | $0.00 | -- |
| Exercise | Ordinary Shares | 802 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 9,418.516 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 55,788 shares (Direct);
Ordinary Shares — 5,031,839 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 Units ("DEUs") on the Restricted Stock Units ("RSUs") vesting was paid in cash. 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 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 vesting occurred 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 RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on each 3/2/2027, 3/2/2028 and 3/2/2029. The PSUs convert to Ordinary Shares on a one-to-one basis. The 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 vesting will occur on 3/1/2027. The 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. The PSUs were awarded on 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.
FAQ
What insider transactions did FDP Chairman Mohammad Abu Ghazaleh report on March 2, 2026?
He reported exercises of Dividend Equivalent Units and Restricted Stock Units into Ordinary Shares at zero cost, plus new grants of Restricted Stock Units and Performance Stock Units. These derivative exercises and equity awards increase his equity-based compensation without open‑market share purchases or sales.
What new equity awards did FDP grant to Mohammad Abu Ghazaleh on March 2, 2026?
He received 55,788 Restricted Stock Units and 55,788 Performance Stock Units. Both instruments convert to Ordinary Shares on a one-for-one basis, with RSUs vesting over three years and PSUs subject to minimum performance criteria before vesting in equal annual installments.
What are the vesting terms for the new FDP Restricted Stock Units granted in 2026?
The Restricted Stock Units awarded on March 2, 2026 vest in three equal installments over three years. According to the footnotes, vesting dates occur on each March 2 of 2027, 2028, and 2029, tying continued service to the realization of Ordinary Shares.
How do the Fresh Del Monte Performance Stock Units work for Mohammad Abu Ghazaleh?
Each Performance Stock Unit converts into one Ordinary Share once minimum performance criteria are met. One award met its threshold at 105.5% and vests in three annual installments, while later PSU awards vest annually after being earned, through dates extending to March 2, 2029.