STOCK TITAN

Fresh Del Monte (NYSE: FDP) COO sells 3,458 shares after RSU vesting

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Fresh Del Monte Produce Inc. President & COO Mohammed Abbas reported net sales of company stock tied to equity award vesting. On March 4, 2026, he executed two open-market sales totaling 3,458 Ordinary Shares at $42.28 per share, described as sales to cover withholding tax obligations on the settlement of vested RSUs and PSUs.

These transactions followed March 3, 2026 vesting and conversion activity, including 4,211 Restricted Stock Units and 4,211 Performance Stock Units that convert to Ordinary Shares on a one-for-one basis, and additional Dividend Equivalent Units. After the reported trades, he held 59,930 Ordinary Shares directly.

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*
Abbas Mohammed

(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)
President & COO
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
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 03/03/2026 M 4,211 A $0 58,874 D
Ordinary Shares 03/03/2026 M 4,211 A $0 63,085 D
Ordinary Shares 03/03/2026 M 303(1) A $0 63,388 D
Ordinary Shares 03/04/2026 S 1,729(2) D $42.28 61,659 D
Ordinary Shares 03/04/2026 S 1,729(3) D $42.28 59,930 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 (4) 03/03/2026 M 303.4154(1) (4) (4) Ordinary Shares 303.4154 $0 4,413.4201 D
Restricted Stock Units (5) 03/03/2026 M 4,211 (6) (6) Ordinary Shares 4,211 $0 8,425 D
Restricted Stock Units (5) (7) (7) Ordinary Shares 11,622 11,622 D
Performance Stock Units (8) (9) (9) Ordinary Shares 4,000 4,000 D
Performance Stock Units (8) (10) (10) Ordinary Shares 3,552 3,552 D
Performance Stock Units (8) (11) (11) Ordinary Shares 3,000 3,000 D
Performance Stock Units (8) (12) (12) Ordinary Shares 1,948 1,948 D
Performance Stock Units (8) (13) (13) Ordinary Shares 3,791 3,791 D
Performance Stock Units (8) (14) (14) Ordinary Shares 9,910 9,910 D
Performance Stock Units (8) 03/03/2026 M 4,211 (15) (15) Ordinary Shares 4,211 $0 8,425 D
Performance Stock Units (8) (16) (16) Ordinary Shares 11,622 11,622 D
Explanation of Responses:
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.
2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs.
3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs.
4. 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.
5. The RSUs convert to Ordinary Shares on a one-for-one basis.
6. The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028.
7. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on each of 3/2/2027, 3/2/2028 and 3/2/2029.
8. The PSUs convert to Ordinary Shares on a one-for-one basis.
9. The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
10. 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 2/22/2018m 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
11. 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.
12. The PSUs were awarded on 3/2/2020 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.
13. The PSUs were awarded on 3/1/2021 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.
14. The PSUs were awarded on 3/1/2024 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/1/2027.
15. The PSUs were awarded on 3/3/2025 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 3/3/2027 and 3/3/2028.
16. The PSUs were awarded on 3/2/2026 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs will vest in three equal annual installments on each of 3/2/2027, 3/2/2028 and 3/2/2029.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Mohammed Abbas 03/05/2026
** 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 did FDP President & COO Mohammed Abbas report in this Form 4?

Mohammed Abbas reported vesting of equity awards and related stock sales. 4,211 RSUs and 4,211 PSUs converted into Ordinary Shares, followed by 3,458 shares sold in open-market transactions primarily to cover tax withholding obligations.

How many Fresh Del Monte (FDP) shares did the COO sell and at what price?

He sold 3,458 Ordinary Shares of Fresh Del Monte Produce Inc. in two open-market transactions. Each sale was priced at $42.28 per share, according to the reported Form 4 transaction details for March 4, 2026.

Why were Mohammed Abbas’s FDP shares sold in these transactions?

The filing states the sales represent shares sold to cover withholding tax obligations on settlement of vested RSUs and PSUs. This means shares were disposed of to satisfy tax liabilities arising when equity awards converted into Ordinary Shares.

What equity awards vested for the FDP COO before the reported sales?

On March 3, 2026, Restricted Stock Units and Performance Stock Units vested and converted to Ordinary Shares on a one-for-one basis. Related Dividend Equivalent Units were also credited, with any fractional DEUs paid in cash per the footnotes.

How many Fresh Del Monte shares does the COO hold after these transactions?

Following the reported vesting and tax-related sales, Mohammed Abbas directly held 59,930 Ordinary Shares of Fresh Del Monte Produce Inc. This post-transaction holding figure is taken from the Form 4 totals after the final reported sale.

What are Dividend Equivalent Units (DEUs) in the FDP Form 4 filing?

Dividend Equivalent Units are described as a contingent right to receive one Ordinary Share of FDP for each DEU. They follow the same restrictions, vesting schedule, and performance criteria as the underlying RSUs or PSUs to which they are linked.
Fresh Del Monte Produce Inc

NYSE:FDP

FDP Rankings

FDP Latest News

FDP Latest SEC Filings

FDP Stock Data

2.01B
38.85M
Farm Products
Consumer Defensive
Link
Cayman Islands
CORAL GABLES