Director at Fresh Del Monte (NYSE: FDP) gains shares from RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FRESH DEL MONTE PRODUCE INC director Charles Beard Jr. reported equity compensation activity involving Restricted Stock Units (RSUs) and related awards. On May 5, 2026, previously granted RSUs and associated Dividend Equivalent Units (DEUs) were converted into ordinary shares at a $0.00 exercise price.
The Form 4 also shows a grant of 3,717 RSUs on May 4, 2026, each RSU representing a contingent right to receive one ordinary share on a one-for-one basis. These RSUs are scheduled to vest on the one-year anniversary of the grant date, May 4, 2026, and all transactions are compensation-related rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,638.227 shares exercised/converted
Mixed
5 txns
Insider
Beard Charles Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 149.227 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,489 | $0.00 | -- |
| Exercise | Ordinary Shares | 4,489 | $0.00 | -- |
| Exercise | Ordinary Shares | 149 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,717 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Units — 0 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null);
Ordinary Shares — 33,621.918 shares (Direct, null)
Footnotes (1)
- 0.2267 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash. Each DEU represents a contingent right to receive one ordinary share of FDP. DEUs are subject to the same restrictions and vesting criteria based on the underlying Restricted Stock Units ("RSUs") to which they relate. Includes 149.2267 shares acquired through a dividend reinvestment plan. The RSUs convert to Ordinary Shares on a one-for-one basis. These RSUs vested on the one-year anniversary of the grant date (May 5, 2025). These RSUs shall vest on the one-year anniversary of the grant date (May 4, 2026).
Key Figures
RSUs converted: 4,489 shares
Dividend Equivalent Units converted: 149.2267 shares
Total derivative exercises: 4,638.2267 shares
+2 more
5 metrics
RSUs converted
4,489 shares
Restricted Stock Units converted to ordinary shares on May 5, 2026
Dividend Equivalent Units converted
149.2267 shares
DEUs converting into ordinary shares on May 5, 2026
Total derivative exercises
4,638.2267 shares
Exercise or conversion of derivative securities reported in transactionSummary
New RSU grant
3,717 units
RSUs granted on May 4, 2026, each for one ordinary share
Exercise price
$0.00 per share
Conversion or exercise price for RSUs and DEUs
Key Terms
Restricted Stock Units, Dividend Equivalent Units, dividend reinvestment plan, vest
4 terms
Restricted Stock Units financial
"These RSUs shall vest on the one-year anniversary of the grant date (May 4, 2026)."
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 Equivalent Units financial
"Each DEU represents a contingent right to receive one ordinary share of FDP."
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
dividend reinvestment plan financial
"Includes 149.2267 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.
vest financial
"These RSUs vested on the one-year anniversary of the grant date (May 5, 2025)."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Charles Beard Jr. report in the latest FDP Form 4 filing?
Charles Beard Jr. reported equity compensation activity at Fresh Del Monte Produce Inc., including the conversion of previously granted Restricted Stock Units and Dividend Equivalent Units into ordinary shares at a $0.00 exercise price, plus a new RSU grant that will vest after one year.
What new Restricted Stock Unit grant did FDP director Charles Beard Jr. receive?
He received a grant of 3,717 Restricted Stock Units on May 4, 2026. Each RSU represents a contingent right to receive one Fresh Del Monte ordinary share on a one-for-one basis, subject to vesting on the one-year anniversary of the grant date.
When do the newly granted RSUs to Charles Beard Jr. vest at Fresh Del Monte (FDP)?
The newly granted 3,717 RSUs vest on May 4, 2026, the one-year anniversary of the grant date. Vesting means the director earns the right to receive ordinary shares, aligning his compensation with the company’s share performance over that period.
What are Dividend Equivalent Units in the context of FDP’s Form 4 filing?
Dividend Equivalent Units (DEUs) mirror dividends on RSUs, representing contingent rights to receive ordinary shares under the same vesting terms as the related RSUs. In this filing, 149.2267 DEUs converted into ordinary shares, with a 0.2267-unit fraction paid in cash.