FDP director exercises awards, gains new RSU grant
FRESH DEL MONTE PRODUCE INC director Michael J. Berthelot increased his equity stake through stock-based compensation activity.
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Form Type
4
Rhea-AI Filing Summary
FRESH DEL MONTE PRODUCE INC director Michael J. Berthelot increased his equity stake through stock-based compensation activity. On May 5, 2026, he exercised previously granted Restricted Stock Units and Dividend Equivalent Units, receiving 4,489 Ordinary Shares and 149 Ordinary Shares at a price of $0.00 per share as these awards converted into stock.
The filing shows these derivative awards converted to Ordinary Shares on a one-for-one basis, with a small fractional Dividend Equivalent Unit paid in cash. On May 4, 2026, he also received a new grant of 3,717 Restricted Stock Units, which are scheduled to vest on the one-year anniversary of the grant date.
Insider Trade Summary
4,638.2267 shares exercised/converted
Exercise
5 txns
Insider
Berthelot Michael J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 149.2267 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,489 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 4,489 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 149 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 3,717 | $0.00 | $0.00 |
Holdings After Transaction:
Dividend Equivalent Units — 0 contracts (Direct);
Restricted Stock Units — 3,717 contracts (Direct);
Ordinary Shares — 12,137 shares (Direct)
Footnotes (6)
- F1. 0.2267 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash.
- F2. Each DEU represent a contingent right to receive one ordinary share of FDP. DEUs are subject to the same restrictions and vesting criteria based on the underlying Restricted Stock Units ("RSUs") to which they relate.
- F3. Includes 69.8666 Ordinary Shares acquired through a dividend reinvestment plan.
- F4. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F5. These RSUs vested on the one-year anniversary of the grant date (May 5, 2025).
- F6. These RSUs shall vest on the one-year anniversary of the grant date (May 4, 2026).
Key Figures
Ordinary Shares from RSU exercise: 4,489 shares
Ordinary Shares from DEU exercise: 149 shares
Derivative shares exercised: 4,638.2267 units
+3 more
6 metrics
Ordinary Shares from RSU exercise
4,489 shares
Converted from Restricted Stock Units on May 5, 2026
Ordinary Shares from DEU exercise
149 shares
Converted from Dividend Equivalent Units on May 5, 2026
Derivative shares exercised
4,638.2267 units
Total RSUs and DEUs exercised as per transaction summary
New RSU grant
3,717 units
Restricted Stock Units granted on May 4, 2026
Post-transaction holdings example
11,988 Ordinary Shares
Total shares following one of the May 5, 2026 acquisitions
Dividend reinvestment shares
69.8666 shares
Ordinary Shares acquired through a dividend reinvestment plan
Key Terms
Restricted Stock Units, Dividend Equivalent Units, dividend reinvestment plan, contingent right, +1 more
5 terms
Restricted Stock Units financial
"These RSUs shall vest on the one-year anniversary of the grant date"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Dividend Equivalent Units financial
"0.2267 Dividend Equivalent Units ("DEUs") were deducted from the total"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
dividend reinvestment plan financial
"Includes 69.8666 Ordinary Shares acquired through a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
contingent right financial
"Each DEU represent a contingent right to receive one ordinary share"
vest financial
"These RSUs vested on the one-year anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FDP director Michael J. Berthelot report in this Form 4?
Michael J. Berthelot reported exercising stock-based awards and receiving Ordinary Shares of FRESH DEL MONTE PRODUCE INC (FDP). He converted Restricted Stock Units and Dividend Equivalent Units into shares and also received a new grant of Restricted Stock Units as director compensation.
What new equity award did Michael J. Berthelot receive from FDP?
On May 4, 2026, Berthelot received a grant of 3,717 Restricted Stock Units. Each unit represents a right to receive one FDP Ordinary Share and is scheduled to vest on the one-year anniversary of the grant date, subject to stated vesting criteria.
How do FDP Dividend Equivalent Units work in this Form 4?
Dividend Equivalent Units, or DEUs, give Berthelot a contingent right to receive FDP Ordinary Shares mirroring dividends on related Restricted Stock Units. In this filing, DEUs converted into 149.2267 underlying shares, with 0.2267 of a fractional unit settled in cash instead of stock.
When did the FDP Restricted Stock Units reported here vest or will they vest?
One set of Restricted Stock Units vested on the one-year anniversary of its grant date, May 5, 2025, and was converted to Ordinary Shares in this filing. The newly granted RSUs are scheduled to vest on the one-year anniversary of their May 4, 2026 grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
