Fresh Del Monte SVP acquires shares via equity awards
Fresh Del Monte Produce SVP Jorge Pelaez Reyes increased his equity stake through equity awards.
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP Jorge Pelaez Reyes increased his equity stake through equity awards. On 2026-03-01, he exercised 149.0359 Dividend Equivalent Units and 1,998 Performance Stock Units at a price of $0.00 per unit, as part of long‑term incentive plans.
The exercises converted into 1,998 Ordinary Shares from Performance Stock Units and an additional 149 Ordinary Shares, bringing his directly held Ordinary Shares to 4,362. Footnotes state RSUs and PSUs convert to Ordinary Shares on a one‑for‑one basis and vest in scheduled annual installments subject to performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,147.0359 shares exercised/converted
Exercise
10 txns
Insider
Pelaez Reyes Jorge
Role
SVP, Central America
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 149.0359 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,998 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,998 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 149 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 1,679.4515 contracts (Direct);
Performance Stock Units — 12,782 contracts for 10,783 underlying shares (Direct);
Ordinary Shares — 4,362 shares (Direct);
Restricted Stock Units — 4,044 contracts (Direct)
Footnotes (12)
- F1. A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash.
- F2. 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.
- F3. Includes 335.266 DEUs acquired through a dividend reinvestment plan.
- F4. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F5. These 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.
- F6. These RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The vestings will occur on 3/3/2026, 3/3/2027 and 3/3/2028.
- F7. The PSUs convert to Ordinary Shares on a one-for-one basis.
- F8. These PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- F9. These PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- F10. The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vested in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- F11. The PSUs were awarded on 3/1/2024 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 each of 3/1/2026 and 3/1/2027.
- F12. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did FDP executive Jorge Pelaez Reyes report?
Jorge Pelaez Reyes reported exercising Performance Stock Units and Dividend Equivalent Units that converted into Ordinary Shares. These derivative exercises were priced at $0.00 per unit and increased his directly held Fresh Del Monte Produce Ordinary Shares to 4,362 as of 2026-03-01.
What types of equity awards were involved in the FDP Form 4 for Jorge Pelaez Reyes?
The Form 4 shows Dividend Equivalent Units, Restricted Stock Units, and Performance Stock Units. On 2026-03-01, Dividend Equivalent Units and Performance Stock Units were exercised into Ordinary Shares, while separate RSU and PSU positions remain outstanding as holdings with specified vesting and performance conditions described in the footnotes.
Were the FDP insider transactions by Jorge Pelaez Reyes open-market buys or sells?
The reported transactions were not open-market buys or sells. They were exercises or conversions of existing derivative awards, including Performance Stock Units and Dividend Equivalent Units, at a stated price of $0.00 per unit, increasing his direct ownership of Ordinary Shares rather than reflecting market purchases.
What future vesting is disclosed for FDP RSUs and PSUs held by Jorge Pelaez Reyes?
Footnotes state certain RSUs awarded on 2023-03-02 fully vest by 2026-03-02, and RSUs awarded on 2025-03-03 vest annually through 2028-03-03. Several PSU grants also vest in three equal annual installments once performance criteria are met, with specified future vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
