Fresh Del Monte (NYSE: FDP) SVP gains ordinary shares from stock units
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
3,029.277 shares exercised/converted
Mixed
11 txns
Insider
Renino Gianpaolo
Role
SVP Europe & Africa
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 210.277 | $0.00 | -- |
| Exercise | Performance Stock Units | 2,819 | $0.00 | -- |
| Exercise | Ordinary Shares | 2,819 | $0.00 | -- |
| Exercise | Ordinary Shares | 210 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 2,538.446 shares (Direct);
Performance Stock Units — 2,819 shares (Direct);
Ordinary Shares — 6,015.501 shares (Direct);
Restricted Stock Units — 954 shares (Direct);
Restricted Stock Unit — 3,208 shares (Direct)
Footnotes (1)
- A fractional share of Dividend Equivalent Units ("DEUs") on the 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 vesting and/or performance criteria based on the underlying Restricted Stock Units ("RSUs") and/or PSUs to which they related. Includes 440.1078 DEUs acquired through a dividend reinvestment plan. The RSUs convert to Ordinary Shares on a one-for-one basis. 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. 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. The PSUs convert to Ordinary Shares on a one-for-one basis. 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. 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. 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. 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. 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. 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.
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.
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.
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.