Fresh Del Monte (NYSE: FDP) COO sells 3,458 shares after RSU vesting
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
Net Seller: 3,458 shares ($146,204)
Net Sell
16 txns
Insider
Abbas Mohammed
Role
President & COO
Sold
3,458 shs ($146K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 1,729 | $42.28 | $73K |
| Sale | Ordinary Shares | 1,729 | $42.28 | $73K |
| Exercise | Dividend Equivalent Units | 303.415 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,211 | $0.00 | -- |
| Exercise | Performance Stock Units | 4,211 | $0.00 | -- |
| Exercise | Ordinary Shares | 4,211 | $0.00 | -- |
| Exercise | Ordinary Shares | 4,211 | $0.00 | -- |
| Exercise | Ordinary Shares | 303 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 61,659 shares (Direct);
Dividend Equivalent Units — 4,413.42 shares (Direct);
Restricted Stock Units — 8,425 shares (Direct);
Performance Stock Units — 8,425 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. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs. 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. The RSUs convert to Ordinary Shares on a one-for-one basis. 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. 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. The PSUs convert to Ordinary Shares on a one-for-one basis. 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. 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. 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 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 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 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. 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. 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.
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.
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.
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.