FRESH DEL MONTE (FDP) HR chief converts PSUs, sells shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 1,046 shares ($42,258)
Net Sell
9 txns
Insider
Tenazas Marissa R
Role
SVP, CHRO
Sold
1,046 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,046 | $40.40 | $42K |
| Exercise | Dividend Equivalent Units | 177 | $0.00 | -- |
| Exercise | Performance Stock Units | 2,465 | $0.00 | -- |
| Exercise | Ordinary Shares | 2,465 | $0.00 | -- |
| Exercise | Ordinary Shares | 177 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 8,049.895 shares (Direct);
Dividend Equivalent Units — 656.592 shares (Direct);
Performance Stock Units — 2,465 shares (Direct);
Restricted Stock Units — 4,570 shares (Direct)
Footnotes (1)
- Includes 25.929 Ordinary Shares acquired through a dividend reinvestment plan. A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs. 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. Includes 187.5334 Ordinary Shares acquired through a dividend reinvestment plan. The RSUs convert to Ordinary Shares on a one-to-one basis. 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. 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. The PSUs convert to Ordinary Shares on a one-to-one basis. 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. 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. 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
Shares sold for taxes: 1,046 shares
Sale price: $40.40/share
Shares acquired via PSU/DEU: 2,642 shares
+5 more
8 metrics
Shares sold for taxes
1,046 shares
Ordinary Shares sold at $40.40 on April 2, 2026
Sale price
$40.40/share
Tax-related sale of 1,046 Ordinary Shares
Shares acquired via PSU/DEU
2,642 shares
Ordinary Shares from Performance Stock Units and Dividend Equivalent Units at $0.00
Direct holdings post-transaction
8,049.895 shares
Ordinary Shares directly owned after April 2, 2026 sale
RSU underlying shares (grant 1)
4,570 shares
Restricted Stock Units convertible one-to-one into Ordinary Shares
RSU underlying shares (grant 2)
5,741 shares
Additional Restricted Stock Units convertible one-to-one
PSU underlying shares (grant 1)
4,570 shares
Performance Stock Units earned at 100% minimum criteria
PSU underlying shares (grant 2)
5,741 shares
Additional Performance Stock Units subject to performance criteria
Key Terms
Dividend Equivalent Units, Performance Stock Units, Restricted Stock Units, dividend reinvestment plan, +1 more
5 terms
Dividend Equivalent Units financial
"A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units"
Performance Stock Units financial
"The PSUs convert to Ordinary Shares on a one-to-one basis."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"The RSUs convert to Ordinary Shares on a one-to-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment plan financial
"Includes 187.5334 Ordinary Shares acquired through a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
withholding tax obligations financial
"Represents shares sold to cover withholding tax obligations on the settlement"
