FDP SVP covers taxes via share sale, gains stock
FRESH DEL MONTE PRODUCE INC executive Marissa R. Tenazas, SVP and CHRO, reported compensation-related stock activity.
Rhea-AI Filing Summary
FRESH DEL MONTE PRODUCE INC executive Marissa R. Tenazas, SVP and CHRO, reported compensation-related stock activity. On April 1, 2026, she converted 2,642 Dividend Equivalent Units and Performance Stock Units into the same number of Ordinary Shares at $0.00 per share.
On April 2, 2026, 1,046 Ordinary Shares were sold at $40.40 per share to cover withholding tax obligations on the PSU settlement, rather than as a discretionary sale. After these transactions she directly holds about 8,049.895 Ordinary Shares, plus multiple unvested Restricted Stock Units and Performance Stock Units that each convert into Ordinary Shares on a one-to-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,046 | $40.40 | $42K |
| Exercise | Dividend Equivalent Units | 177 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 2,465 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 2,465 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 177 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Footnotes (12)
- F1. Includes 25.929 Ordinary Shares acquired through a dividend reinvestment plan.
- F2. A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash.
- F3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs.
- F4. Each DEU represent 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.
- F5. Includes 187.5334 Ordinary Shares acquired through a dividend reinvestment plan.
- F6. The RSUs convert to Ordinary Shares on a one-to-one basis.
- F7. 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.
- F8. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on each of 3/1/2027, 3/1/2028 and 3/1/2029.
- F9. The PSUs convert to Ordinary Shares on a one-to-one basis.
- F10. The PSUs were awarded on 4/1/2024 subject to meeting the minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 4/1/2027.
- F11. The PSUs were awarded on 3/3/2025 subject to meeting the 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.
- F12. 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 3/1/2027, 3/1/2028 and 3/1/2029.
Key Figures
Key Terms
Dividend Equivalent Units financial
Performance Stock Units financial
Restricted Stock Units financial
dividend reinvestment plan financial
withholding tax obligations financial
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