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Fresh Del Monte (NYSE: FDP) grants RSU and PSU awards to SVP

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Fresh Del Monte Produce Inc. reported that SVP and CHRO Marissa R. Tenazas received equity awards on March 2, 2026. She was granted 5,741 Restricted Stock Units (RSUs) and 5,741 Performance Stock Units (PSUs) at a price of $0.0000 per unit as a grant or award acquisition.

According to the footnotes, the RSUs awarded on March 2, 2026 vest in three equal installments on March 2, 2027, March 2, 2028 and March 2, 2029, and each RSU converts into one ordinary share. The PSUs awarded on March 2, 2026 are earned only if minimum performance criteria are met, then vest in three equal annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, with each PSU converting into one ordinary share.

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Insider Tenazas Marissa R
Role SVP, CHRO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 5,741 $0.00 --
Grant/Award Performance Stock Units 5,741 $0.00 --
holding Dividend Equivalent Units -- -- --
holding Restricted Stock Units -- -- --
holding Performance Stock Units -- -- --
holding Performance Stock Units -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Restricted Stock Units — 5,741 shares (Direct); Performance Stock Units — 5,741 shares (Direct); Dividend Equivalent Units — 810.965 shares (Direct); Ordinary Shares — 3,664.966 shares (Direct)
Footnotes (1)
  1. Includes 92.005 Ordinary Shares acquired through a dividend reinvestment plan. Each Dividend Equivalent Unit ("DEUs") 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 Performance Stock Units ("PSUs") to which they relate. Includes 490.9946 DEUs were 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 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-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 vestings will occur on 4/1/2026 and 4/1/2027. The PSUs were awarded on 3/3/2025 and are earned subject to meeting the 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 the minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each 3/2/2027, 3/2/2028 and 3/2/2029.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Tenazas Marissa R
(Last) (First) (Middle)
C/O FRESH DEL MONTE PRODUCE INC.
241 SEVILLA AVENUE
(Street)
CORAL GABLES FL 33134
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC [ FDP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, CHRO
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 3,664.966(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent Units (2) (2) (2) Ordinary Shares 810.9646 810.9646(3) D
Restricted Stock Units (4) (5) (5) Ordinary Shares 6,854 6,854 D
Restricted Stock Units (4) 03/02/2026 A 5,741 (6) (6) Ordinary Shares 5,741 $0 5,741 D
Performance Stock Units (7) (8) (8) Ordinary Shares 4,930 4,930 D
Performance Stock Units (7) (9) (9) Ordinary Shares 6,854 6,854 D
Performance Stock Units (7) 03/02/2026 A 5,741 (10) (10) Ordinary Shares 5,741 $0 5,741 D
Explanation of Responses:
1. Includes 92.005 Ordinary Shares acquired through a dividend reinvestment plan.
2. Each Dividend Equivalent Unit ("DEUs") 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 Performance Stock Units ("PSUs") to which they relate.
3. Includes 490.9946 DEUs were acquired through a dividend reinvestment plan.
4. The RSUs convert to Ordinary Shares on a one-to-one basis.
5. 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.
6. 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.
7. The PSUs convert to Ordinary Shares on a one-to-one basis.
8. 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 vestings will occur on 4/1/2026 and 4/1/2027.
9. The PSUs were awarded on 3/3/2025 and are earned subject to meeting the 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.
10. 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 3/2/2027, 3/2/2028 and 3/2/2029.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Marissa R. Tenazas 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did FDP executive Marissa Tenazas receive on March 2, 2026?

Marissa R. Tenazas received grants of 5,741 Restricted Stock Units and 5,741 Performance Stock Units on March 2, 2026. Both awards were granted at $0.0000 per unit and represent contingent rights to receive ordinary shares of Fresh Del Monte Produce Inc.

How do the new FDP Restricted Stock Units for Marissa Tenazas vest?

The 5,741 Restricted Stock Units awarded to Marissa Tenazas on March 2, 2026 vest in three equal installments. Vesting dates are March 2, 2027, March 2, 2028 and March 2, 2029, with each vested unit converting into one ordinary share of Fresh Del Monte Produce Inc.

What performance conditions apply to the FDP Performance Stock Units granted to Marissa Tenazas?

The 5,741 Performance Stock Units granted on March 2, 2026 are earned only if minimum performance criteria are met. Once earned, they vest in three equal annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, each converting into one ordinary share.

Do the RSUs and PSUs granted to Marissa Tenazas at FDP convert into ordinary shares?

Yes. Footnotes state that both Restricted Stock Units and Performance Stock Units convert into ordinary shares on a one-to-one basis. Each vested or earned unit gives the right to receive one ordinary share of Fresh Del Monte Produce Inc., subject to the stated vesting and performance terms.

What are Dividend Equivalent Units in the FDP Form 4 for Marissa Tenazas?

Dividend Equivalent Units represent contingent rights tied to RSUs or PSUs that mirror dividend payments. Each Dividend Equivalent Unit corresponds to one ordinary share and follows the same restrictions, vesting, and performance criteria as the underlying RSUs or PSUs, including amounts accrued via the dividend reinvestment plan.