FDP SVP Renino acquires shares via awards
Fresh Del Monte Produce SVP Europe & Africa Gianpaolo Renino reported acquiring additional shares through equity awards on March 3, 2026.
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP Europe & Africa Gianpaolo Renino reported acquiring additional shares through equity awards on March 3, 2026. He received 1,069 Ordinary Shares from vested Restricted Stock Units, another 1,069 Ordinary Shares from vested Performance Stock Units, and 77 Ordinary Shares from Dividend Equivalent Units, all at a stated price of $0.00 per share via derivative exercises coded “M”. Following these transactions, his directly held Ordinary Shares position increased to 9,494.501 shares, and he continues to hold various outstanding RSUs, PSUs and related Dividend Equivalent Units that convert to Ordinary Shares on a one-for-one basis, subject to vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,215.0248 shares exercised/converted
Exercise
13 txns
Insider
Renino Gianpaolo
Role
SVP Europe & Africa
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 77.0248 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 1,069 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,069 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,069 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,069 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 77 | $0.00 | $0.00 |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 2,360.4864 contracts (Direct);
Restricted Stock Unit — 4,883 contracts for 2,744 underlying shares (Direct);
Performance Stock Units — 18,608 contracts for 16,469 underlying shares (Direct);
Ordinary Shares — 9,494.501 shares (Direct)
Footnotes (13)
- F1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") vesting was paid in cash.
- F2. Each DEUs represents a contingent right to receive one Ordinary Share of FDP. DEUs are subject to vesting and/or performance criteria based on the underlying RSUs and/or PSUs.
- F3. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F4. 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.
- F5. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on 3/2/2027, 3/2/2028 and 3/2/2029.
- F6. The PSUs convert to Ordinary Shares on a one-for-one basis.
- F7. The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/20/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- F8. The 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 2/20/2021. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- F9. The 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 subject to meeting minimum performance criteria which was met at 91%. 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 installments. The remaining vesting will occur on 3/1/2027.
- F12. The PSUs were awarded on 3/3/2025 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 3/3/2027 and 3/3/2028.
- F13. 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 of 3/2/2027, 3/2/2028 and 3/2/2029.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FDP executive Gianpaolo Renino report in this Form 4 filing?
Gianpaolo Renino reported acquiring additional Fresh Del Monte Produce (FDP) Ordinary Shares through vesting of equity awards. Restricted Stock Units, Performance Stock Units and Dividend Equivalent Units converted into Ordinary Shares at a stated price of $0.00 per share via derivative exercises coded “M”.
What performance outcomes are disclosed for Gianpaolo Renino’s FDP Performance Stock Units?
Footnotes show several PSU awards granted in prior years with minimum performance criteria met at 83%, 88.8%, 91%, and 100%. These PSUs vested in three annual installments, with settlement of certain PSU and Dividend Equivalent Unit awards scheduled after termination of employment.
What future vesting dates are disclosed for Renino’s FDP RSUs and PSUs?
The filing notes remaining RSU and PSU vestings on dates including 3/1/2027, 3/2/2027, 3/2/2028, 3/2/2029, 3/3/2027 and 3/3/2028. These awards vest in three equal annual installments, subject to applicable performance criteria where specified.
AI-generated analysis. How Rhea-AI works. Not financial advice.
