FDP (NYSE: FDP) COO sells shares and receives major RSU, PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce President & COO Abbas Mohammed reported a mix of equity compensation activity. He sold 1,580 ordinary shares at $42.50 per share, with a footnote stating the sale was to cover withholding taxes on vesting restricted stock units (RSUs). On the same date, 3,584 RSUs and related dividend equivalent units converted into ordinary shares on a one-for-one basis. He also received new grants of 11,622 RSUs and 11,622 performance stock units, which convert to ordinary shares one-for-one and vest over three years, subject in some cases to performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,580 shares ($67,150)
Net Sell
15 txns
Insider
Abbas Mohammed
Role
President & COO
Sold
1,580 shs ($67K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,580 | $42.50 | $67K |
| Exercise | Dividend Equivalent Units | 379.195 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,584 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 11,622 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 11,622 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,584 | $0.00 | -- |
| Exercise | Ordinary Shares | 379 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 54,663 shares (Direct);
Dividend Equivalent Units — 4,716.836 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 11,622 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. These RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting occurred on 3/2/2026. These 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. These RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on 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 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vested in three equal annual installments on 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The PSUs were awarded on 3/1/2021 subject to meeting minimum performance criteria, which was met at 91%. The PSUs vested in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. 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 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 will vest in three equal annual installments on each of 3/2/2027, 3/2/2028 and 3/2/2029.
FAQ
What insider transactions did Abbas Mohammed report in FDP's latest Form 4?
Abbas Mohammed reported selling 1,580 ordinary shares of FDP and multiple equity compensation events. These included RSUs and dividend equivalent units converting into shares, plus new grants of RSUs and performance stock units that vest over future years subject to time and performance conditions.
What new RSU awards did Abbas Mohammed receive from Fresh Del Monte (FDP)?
He received a new award of 11,622 restricted stock units on March 2, 2026. According to the filing, these RSUs vest in three equal annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, and each converts into one ordinary share.
What performance stock units (PSUs) were granted to Abbas Mohammed by FDP?
He was granted 11,622 performance stock units on March 2, 2026. The PSUs are earned only if minimum performance criteria are met and, once earned, vest in three equal annual installments on March 2, 2027, March 2, 2028 and March 2, 2029, converting one-for-one into ordinary shares.