Fresh Del Monte CEO Reports 25,554-Share Sale, Lists RSUs and PSUs
Rhea-AI Filing Summary
Mohammad Abu-Ghazaleh, Chairman and CEO of Fresh Del Monte Produce Inc. (FDP) reported two open-market sales of ordinary shares: 5,554 shares sold on 08/08/2025 at a weighted average price of $36.50 and 20,000 shares sold on 08/12/2025 at a weighted average price of $36.89. After the 08/12 sale, the reporting person beneficially owned 5,068,357 ordinary shares. The filing also discloses an indirect holding of 20,000 shares held by spouse.
The Form 4 lists equity-based awards held by the reporting person that convert to ordinary shares one-for-one: 9,990.0176 Dividend Equivalent Units, 7,589 and 70,961 RSUs, and 115,442 and 70,961 PSUs. Vesting schedules and performance outcomes are specified in the filing, including PSUs awarded 3/1/2024 that met minimum performance at 105.5%.
Positive
- Reporting person retained substantial direct ownership of 5,068,357 ordinary shares after the reported sales
- Extensive equity awards disclosed (DEUs, RSUs, PSUs) that convert one-for-one to ordinary shares and vest over multi-year schedules, aligning management with shareholders
- PSUs awarded 3/1/2024 met minimum performance at 105.5%, as explicitly stated
Negative
- Open-market sales reported: 5,554 shares sold on 08/08/2025 at a weighted average price of $36.50
- Open-market sales reported: 20,000 shares sold on 08/12/2025 at a weighted average price of $36.8883
Insights
TL;DR: CEO disclosed modest open-market sales totalling 25,554 shares while retaining substantial direct ownership and multi-year equity awards.
The Form 4 shows routine open-market dispositions rather than option exercises or transfers. The CEO remains a major holder with >5 million direct shares and extensive equity awards (RSUs, PSUs, DEUs) that vest over multiple years, preserving long-term alignment with shareholders. The filing also notes an indirect 20,000-share holding by the spouse. All transactions and award details are explicitly documented, including weighted average sale prices and vesting schedules.
TL;DR: Insider sales were small relative to total holdings; disclosed prices and award vesting provide clear, audit-ready detail.
Reported sales: 5,554 shares at a weighted average of $36.50 on 08/08/2025 and 20,000 shares at $36.8883 on 08/12/2025. The remaining direct beneficial ownership after these transactions is 5,068,357 shares. The filing itemizes DEUs, RSUs and PSUs with specific counts and vesting timelines, including PSUs from 3/1/2024 that achieved 105.5% performance. From a market-impact perspective, the quantities sold are small relative to total holdings and are transparently disclosed.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 20,000 | $36.8883 | $738K |
| Sale | Ordinary Shares | 5,554 | $36.5005 | $203K |
| holding | Dividend Equivalent Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $36.50 to $36.51 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $36.50 to $37.13 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Each Dividend Equivalent Unit ("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 Performance Stock Units ("PSUs") to which they relate. The RSUs convert to Ordinary Shares on a one-for-one basis. The 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. The RSUs were awarded on 3/3/2025 and will vest in three equal installments over three years. The vestings will occur on 3/3/2026, 3/3/2027 and 3/3/2028. The PSUs convert to Ordinary Shares on a one-to-one basis. These PSUs were awarded on 3/1/2024 subject to meeting the minimum performance criteria which was met at 105.5%. 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 3/3/2025 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.
