FDP (FDP) CEO adds Ordinary Shares through RSU and PSU conversions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce Chairman and CEO Mohammad Abu-Ghazaleh reported equity award activity, mainly from the vesting and conversion of stock-based incentives on March 3, 2026. He acquired 1,776.5380 Dividend Equivalent Units, which track dividends and can convert into Ordinary Shares under the same terms as related RSUs and PSUs.
He also exercised or converted 23,651 Restricted Stock Units and 25,661 Performance Stock Units into Ordinary Shares at a stated price of $0.0000 per share, increasing his directly held Ordinary Shares to 5,083,729. Footnotes state RSUs and PSUs generally convert on a one-for-one basis and vest in three equal annual installments.
Certain PSU awards exceeded performance criteria, with one tranche earned at 105.5% of target and another at 108%, which increased the number of PSUs and related DEUs. Following these transactions, he continued to hold significant balances of unvested RSUs and PSUs scheduled to vest through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
51,088.538 shares exercised/converted
Mixed
9 txns
Insider
ABU GHAZALEH MOHAMMAD
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 1,776.538 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 23,651 | $0.00 | -- |
| Exercise | Performance Stock Units | 25,661 | $0.00 | -- |
| Exercise | Ordinary Shares | 23,651 | $0.00 | -- |
| Exercise | Ordinary Shares | 25,661 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,776 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 7,859.255 shares (Direct);
Restricted Stock Unit — 47,310 shares (Direct);
Performance Stock Units — 51,331 shares (Direct);
Ordinary Shares — 5,056,292 shares (Direct);
Restricted Stock Units — 55,788 shares (Direct)
Footnotes (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. 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. Includes 217.2764 DEUs were acquired as an increase in the number of PSUs due to exceeding performance criteria at 108%. The RSUs convert to Ordinary Shares on a one-for-one basis. The RSUs were awarded on 3/3/2025 and will 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 vest 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-to-one basis. The 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 vesting will occur on 3/1/2027. The PSUs were awarded on 3/3/2025 subject to meeting minimum performance criteria which was met at 108%. The PSUs vest in equal annual installments. The remaining vestings will occur on 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 vest in three equal annual installments on each of 3/2/2027, 3/2/2028 and 3/2/2029.
FAQ
What insider transactions did FDP Chairman and CEO Mohammad Abu-Ghazaleh report?
Mohammad Abu-Ghazaleh reported equity award activity from stock-based incentives, not open-market trades. He exercised or converted Restricted Stock Units, Performance Stock Units, and Dividend Equivalent Units into Ordinary Shares, reflecting vesting of prior grants and related performance adjustments under the company’s long-term incentive programs.
What are Dividend Equivalent Units (DEUs) in the FDP Form 4 filing?
Dividend Equivalent Units represent a contingent right to receive one Ordinary Share of FDP for each unit. They mirror the restrictions, vesting schedule, and performance criteria of the underlying Restricted Stock Units or Performance Stock Units to which they relate, and a small fractional DEU amount was instead paid in cash.
How did performance criteria affect FDP Performance Stock Units for the CEO?
Some Performance Stock Units exceeded minimum performance criteria, increasing the number earned. One award was earned at 105.5% of target and another at 108%, which increased the number of PSUs and related Dividend Equivalent Units reported, with remaining vesting installments scheduled through 2027 and 2028.
What are the vesting schedules for the FDP CEO’s RSUs and PSUs?
Restricted Stock Units and Performance Stock Units generally vest in three equal annual installments. Different grants vest on dates including March 2 or March 3 of 2027, 2028, and 2029, with some PSU awards also dependent on meeting specified minimum performance criteria before vesting occurs.