Fresh Del Monte (NYSE: FDP) GC records share sale and new stock unit grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP and General Counsel Effie D. Silva reported multiple equity transactions. On 3/3/2026 she sold 285 Ordinary Shares at $42.50 per share in an open‑market transaction, with a footnote explaining the sale was to cover withholding tax obligations on the vesting of her restricted stock units. After this sale, she directly owned 11,133.1318 Ordinary Shares.
On 3/2/2026, several equity awards and conversions occurred. She acquired 1,045 Ordinary Shares through the conversion of Restricted Stock Units and 110 Ordinary Shares through the conversion of Dividend Equivalent Units at a price of $0.00 per share. She was also granted 4,976 Restricted Stock Units and 4,976 Performance Stock Units, which each convert into Ordinary Shares on a one‑for‑one basis and vest in equal annual installments over three years subject to applicable vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 285 shares ($12,113)
Net Sell
10 txns
Insider
SILVA EFFIE D
Role
SVP, General Counsel & Secy
Sold
285 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 285 | $42.50 | $12K |
| Exercise | Dividend Equivalent Units | 110.563 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,045 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,976 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 4,976 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,045 | $0.00 | -- |
| Exercise | Ordinary Shares | 110 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 11,133.132 shares (Direct);
Dividend Equivalent Units — 843.013 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 4,976 shares (Direct)
Footnotes (1)
- A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") vesting was paid in cash. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs. 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 RSUs and/or Performance Stock Units ("PSUs") to which they relate. The RSUs convert to Ordinary Shares on a one-for-one basis. The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting occurred on 3/2/2026. The 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. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on each of 3/2/2027, 3/2/2028 and 3/2/2029. The PSUs convert to Ordinary Shares on a one-for-one basis. 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 vesting will occur on 3/1/2027. 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. The PSUs were awarded on 3/2/2026 and are earned subject to meeting 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
What did FDP executive Effie D. Silva sell in this Form 4 filing?
Effie D. Silva sold 285 Ordinary Shares of Fresh Del Monte Produce at $42.50 per share. A footnote explains these shares were sold to cover withholding tax obligations arising from the vesting of her restricted stock units.
What new equity awards did Effie D. Silva receive from FDP in this Form 4?
Effie D. Silva received grants of 4,976 Restricted Stock Units and 4,976 Performance Stock Units. Each unit represents a contingent right to receive one Ordinary Share, subject to time-based vesting and, for performance units, meeting specified performance criteria.
How were restricted stock units and dividend equivalent units treated in this FDP filing?
Restricted Stock Units and Dividend Equivalent Units converted into Ordinary Shares on a one‑for‑one basis at a price of $0.00 per share. Some DEUs associated with vesting RSUs included a fractional share component that was settled in cash instead of stock.
Over what period will Effie D. Silva’s new FDP RSU and PSU awards vest?
The new Restricted Stock Units and Performance Stock Units vest in three equal annual installments. Footnotes specify vesting dates in successive years, with installments scheduled across 2027, 2028, and 2029, subject to applicable time-based and performance conditions.
Are Effie D. Silva’s FDP Performance Stock Units subject to performance conditions?
Yes. The Performance Stock Units are earned only if minimum performance criteria are achieved. Once earned, they convert into Ordinary Shares on a one‑for‑one basis and then vest in three equal annual installments on specified future dates outlined in the award footnotes.