STOCK TITAN

Fresh Del Monte (NYSE: FDP) SVP gains ordinary shares from stock units

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

Rhea-AI Filing Summary

Fresh Del Monte Produce SVP Gianpaolo Renino reported multiple equity award-related transactions. On March 1, 2026, he exercised or converted 2,819 Performance Stock Units into 2,819 Ordinary Shares at a price of $0.0000 per share.

He also converted 210 Dividend Equivalent Units into 210 Ordinary Shares, again at $0.0000 per share, increasing his directly held Ordinary Shares to 6,225.5010. Separate entries show updated holdings of Restricted Stock Units and Performance Stock Units, which generally convert to Ordinary Shares on a one-for-one basis and vest over multi‑year schedules subject to performance criteria.

Positive

  • None.

Negative

  • None.
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*
Renino Gianpaolo

(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 Europe & Africa
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
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 03/01/2026 M 2,819 A $0 6,015.501 D
Ordinary Shares 03/01/2026 M 210(1) A $0 6,225.501 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 (2) 03/01/2026 M 210.2766(1) (2) (2) Ordinary Shares 210.2766 $0 2,538.4463(3) D
Restricted Stock Units (4) (5) (5) Ordinary Shares 954 954 D
Restricted Stock Unit (4) (6) (6) Ordinary Shares 3,208 3,208 D
Performance Stock Units (7) (8) (8) Ordinary Shares 3,552 3,552 D
Performance Stock Units (7) (9) (9) Ordinary Shares 3,000 3,000 D
Performance Stock Units (7) (10) (10) Ordinary Shares 1,612 1,612 D
Performance Stock Units (7) (11) (11) Ordinary Shares 2,742 2,742 D
Performance Stock Units (7) 03/01/2026 M 2,819 (12) (12) Ordinary Shares 2,819 $0 2,819 D
Performance Stock Units (7) (13) (13) Ordinary Shares 3,208 3,208 D
Explanation of Responses:
1. A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash.
2. Each DEU represents a contingent right to receive one Ordinary Share of FDP. DEUs are subject to vesting and/or performance criteria based on the underlying Restricted Stock Units ("RSUs") and/or PSUs to which they related.
3. Includes 440.1078 DEUs acquired through a dividend reinvestment plan.
4. The RSUs convert to Ordinary Shares on a one-for-one basis.
5. These 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.
6. These RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The vestings will occur on 3/3/2026, 3/3/2027 and 3/3/2028.
7. The PSUs convert to Ordinary Shares on a one-for-one basis.
8. The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/20/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
9. The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
10. The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria, which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
11. The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria, which was met at 91%. The PSUs vested in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
12. The PSUs were awarded on 3/1/2024 and 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 3/1/2026 and 3/1/2027.
13. 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, 3/3/20027 and 3/3/2028.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Gianpaolo Renino 03/03/2026
** 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.

FAQ

What insider activity did FDP executive Gianpaolo Renino report on this Form 4?

Gianpaolo Renino reported equity award-related acquisitions, not open-market trades. He exercised or converted Performance Stock Units and Dividend Equivalent Units into Ordinary Shares of Fresh Del Monte Produce, all at a reported price of $0.0000 per share.

How many Fresh Del Monte (FDP) shares did Renino acquire through stock unit conversions?

Renino acquired 2,819 Ordinary Shares from converting Performance Stock Units and an additional 210 Ordinary Shares from converting Dividend Equivalent Units. These transactions reflect the settlement of equity awards rather than open-market purchases of FDP stock.

What are Dividend Equivalent Units and how do they affect FDP insider ownership?

Dividend Equivalent Units, or DEUs, represent a contingent right to receive one Ordinary Share of FDP per unit. They are tied to underlying RSUs and PSUs, follow the same vesting and performance conditions, and can increase insiders’ share counts when they convert into Ordinary Shares.

How many Fresh Del Monte Ordinary Shares does Renino hold after these transactions?

After the reported conversions, Renino directly holds 6,225.5010 Ordinary Shares of Fresh Del Monte Produce. This figure reflects his updated share balance following exercises of Performance Stock Units and Dividend Equivalent Units at a stated price of $0.0000 per share.

Do Renino’s Restricted Stock Units and Performance Stock Units in FDP convert to ordinary shares?

Yes. The filing states that both Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) convert to Ordinary Shares on a one-for-one basis. Their vesting occurs over several years and often depends on meeting specified performance criteria before settlement.

Were any of Gianpaolo Renino’s FDP transactions reported as open-market buys or sells?

No. The reported transactions use code M, described as exercise or conversion of derivative security. The shares came from converting stock-based awards at a price of $0.0000 per share, rather than from open-market purchases or sales of FDP stock.
Fresh Del Monte Produce Inc

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