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 (9)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F5. 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.
- F6. 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.
- F7. The PSUs convert to Ordinary Shares on a one-to-one basis.
- F8. 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.
- F9. 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.
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