[Form 4] FRESH DEL MONTE PRODUCE INC Insider Trading Activity
Rhea-AI Filing Summary
Fresh Del Monte Produce senior vice president and chief financial officer Monica Vicente reported several equity transactions. She completed an open-market sale of 1,775 Ordinary Shares at $42.88 per share, leaving her with 16,285 Ordinary Shares directly owned after the sale.
On the prior day, various equity awards vested and converted. She acquired 6,749 Ordinary Shares through the exercise/conversion of Performance Stock Units, and an additional 503 Ordinary Shares through Dividend Equivalent Units, bringing her Ordinary Share holdings to 18,060 before the subsequent sale. Related derivative positions include Dividend Equivalent Units and Restricted Stock Units that generally convert to Ordinary Shares on a one-for-one basis and vest in scheduled annual installments through 2028, subject to service and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,775 | $42.88 | $76K |
| Exercise | Dividend Equivalent Units | 503.426 | $0.00 | -- |
| Exercise | Performance Stock Units | 6,749 | $0.00 | -- |
| Exercise | Ordinary Shares | 6,749 | $0.00 | -- |
| Exercise | Ordinary Shares | 503 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Footnotes (1)
- A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was 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 and/or performance criteria based on the underlying Restricted Stock Units ("RSUs") and/or PSUs to which they relate. Includes 1,089.82 DEUs were acquired through a dividend reinvestment plan. The RSUs convert to Ordinary Shares on a one-for-one basis. These RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2026. These RSUs were awarded on 3/3/2025 and vested in three equal installments over three years. The vestings will occur on each of 3/3/2026, 3/3/2027 and 3/3/2028. 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 vestings will occur on 3/1/2026 and 3/1/2027. The PSUs were awarded on 3/2/2025 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.
