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Fresh Del Monte (NYSE: FDP) SVP sells shares to cover tax on RSU, PSU vesting

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

Rhea-AI Filing Summary

Fresh Del Monte Produce Inc. senior vice president Ziad Nabulsi reported equity award vesting and related share sales. On March 3, 2026, his Restricted Stock Units, Performance Stock Units and related Dividend Equivalent Units were converted into Ordinary Shares at $0.00 per share, consistent with stock-based compensation vesting.

On March 4, 2026, he sold a total of 616 Ordinary Shares at $42.28 per share in open-market transactions. Footnotes state these sales were made to cover withholding tax obligations from the RSU and PSU settlements. After these transactions, he continued to hold directly owned Ordinary Shares and outstanding RSUs, PSUs, and DEUs that vest in scheduled installments through 2029.

Positive

  • None.

Negative

  • None.
Insider Nabulsi Ziad
Role SVP, North American Operations
Sold 616 shs ($26K)
Type Security Shares Price Value
Sale Ordinary Shares 308 $42.28 $13K
Sale Ordinary Shares 308 $42.28 $13K
Exercise Dividend Equivalent Units 87.184 $0.00 --
Exercise Restricted Stock Units 1,210 $0.00 --
Exercise Performance Stock Units 1,210 $0.00 --
Exercise Ordinary Shares 1,210 $0.00 --
Exercise Ordinary Shares 1,210 $0.00 --
Exercise Ordinary Shares 87 $0.00 --
holding Restricted Stock Units -- -- --
holding Performance Stock Units -- -- --
holding Performance Stock Units -- -- --
Holdings After Transaction: Ordinary Shares — 16,100 shares (Direct); Dividend Equivalent Units — 399.034 shares (Direct); Restricted Stock Units — 2,423 shares (Direct); Performance Stock Units — 2,423 shares (Direct)
Footnotes (1)
  1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") 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. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs. 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 PSUs to which they relate. The RSUs convert to Ordinary Shares on a one-for-one basis. The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028. The RSUs were awarded on 3/2/2026 and vested in three equal installments over three years. The vestings will occur on each 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 installments. The remaining vesting will occur on 3/1/2027. The PSUs were awarded on 3/2/2025 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 3/2/2027 and 3/2/2028. 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. The vesting will occur on 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*
Nabulsi Ziad
(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, North American Operations
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
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 03/03/2026 M 1,210 A $0 15,111 D
Ordinary Shares 03/03/2026 M 1,210 A $0 16,321 D
Ordinary Shares 03/03/2026 M 87(1) A $0 16,408 D
Ordinary Shares 03/04/2026 S 308(2) D $42.28 16,100 D
Ordinary Shares 03/04/2026 S 308(3) D $42.28 15,792 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 (4) 03/03/2026 M 87.1836(1) (4) (4) Ordinary Shares 87.1836 $0 399.034 D
Restricted Stock Units (5) 03/03/2026 M 1,210 (6) (6) Ordinary Shares 1,210 $0 2,423 D
Restricted Stock Units (5) (7) (7) Ordinary Shares 2,659 2,659 D
Performance Stock Units (8) (9) (9) Ordinary Shares 3,009 3,009 D
Performance Stock Units (8) 03/03/2026 M 1,210 (10) (10) Ordinary Shares 1,210 $0 2,423 D
Performance Stock Units (8) (11) (11) Ordinary Shares 2,659 2,659 D
Explanation of Responses:
1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") vesting was paid in cash.
2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs.
3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs.
4. 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 PSUs to which they relate.
5. The RSUs convert to Ordinary Shares on a one-for-one basis.
6. The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028.
7. The RSUs were awarded on 3/2/2026 and vested in three equal installments over three years. The vestings will occur on each 3/2/2027, 3/2/2028 and 3/2/2029.
8. The PSUs convert to Ordinary Shares on a one-for-one basis.
9. 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 installments. The remaining vesting will occur on 3/1/2027.
10. The PSUs were awarded on 3/2/2025 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 3/2/2027 and 3/2/2028.
11. 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. The vesting will occur on 3/2/2027, 3/2/2028 and 3/2/2029.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Ziad Nabulsi 03/05/2026
** 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 insider transactions did FDP executive Ziad Nabulsi report?

Ziad Nabulsi reported equity award vesting and related share activity. RSUs, PSUs and Dividend Equivalent Units converted into Ordinary Shares at $0.00 per share, and 616 shares were sold at $42.28 per share to cover tax withholding obligations.

How many Fresh Del Monte (FDP) shares did the SVP sell and at what price?

He sold 616 Ordinary Shares of Fresh Del Monte Produce Inc. at $42.28 per share. The transactions were coded as open-market sales and footnotes clarify the disposals were made specifically to satisfy withholding tax obligations on vested RSUs and PSUs.

Were the FDP insider share sales discretionary or for tax withholding?

The reported sales were for tax withholding. Footnotes explain that the Ordinary Shares sold on March 4, 2026 represent shares disposed of to cover withholding tax obligations arising from the settlement of Ziad Nabulsi’s vested Restricted Stock Units and Performance Stock Units.

What equity awards vested for FDP SVP Ziad Nabulsi in March 2026?

Restricted Stock Units, Performance Stock Units and related Dividend Equivalent Units vested for Ziad Nabulsi on March 3, 2026. Footnotes state RSUs and PSUs convert to Ordinary Shares on a one-for-one basis, with remaining installments scheduled to vest between 2027 and 2029.

How do FDP Dividend Equivalent Units work for this insider’s awards?

Each Dividend Equivalent Unit represents a contingent right to receive one Ordinary Share of FDP. Footnotes explain DEUs follow the same restrictions, vesting conditions and performance criteria as the underlying RSUs or PSUs to which they relate for Ziad Nabulsi’s compensation awards.