Equity awards lift Fresh Del Monte (NYSE: FDP) SVP shareholdings

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.

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^*

Pelaez Reyes Jorge

(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, Central America

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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	03/01/2026		M		1,998	A	$0	4,213	D
Ordinary Shares	03/01/2026		M		149(1)	A	$0	4,362	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	(2)	03/01/2026		M			149.0359(1)	(2)	(2)	Ordinary Shares	149.0359	$0	1,679.4515(3)	D
Restricted Stock Units	(4)							(5)	(5)	Ordinary Shares	741		741	D
Restricted Stock Units	(4)							(6)	(6)	Ordinary Shares	3,303		3,303	D
Performance Stock Units	(7)							(8)	(8)	Ordinary Shares	3,000		3,000	D
Performance Stock Units	(7)							(9)	(9)	Ordinary Shares	2,090		2,090	D
Performance Stock Units	(7)							(10)	(10)	Ordinary Shares	2,390		2,390	D
Performance Stock Units	(7)	03/01/2026		M			1,998	(11)	(11)	Ordinary Shares	1,998	$0	1,999	D
Performance Stock Units	(7)							(12)	(12)	Ordinary Shares	3,303		3,303	D

Explanation of Responses:

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

2. 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.

3. Includes 335.266 DEUs acquired through a dividend reinvestment plan.

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

5. 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.

6. 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.

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

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

Remarks:

	/s/ Effie D. Silva, Attorney-in-Fact for Jorge Pelaez Reyes	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

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.

How many FDP Ordinary Shares does Jorge Pelaez Reyes now hold directly?

After the reported equity award conversions, Jorge Pelaez Reyes directly holds 4,362 Ordinary Shares of Fresh Del Monte Produce. This reflects 1,998 shares from exercised Performance Stock Units plus 149 shares from Dividend Equivalent Units, added to his prior Ordinary Share balance reported in the filing.

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.

How do FDP Performance Stock Units and RSUs convert into Ordinary Shares?

Footnotes explain that both Performance Stock Units and Restricted Stock Units convert into Ordinary Shares of Fresh Del Monte Produce on a one‑for‑one basis. Vesting and settlement depend on meeting minimum performance criteria and scheduled installment dates, with some PSUs settling after employment termination anniversaries.

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.