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Fresh Del Monte SVP acquires shares via award exercises

Fresh Del Monte Produce SVP Jorge Pelaez Reyes increased his direct equity stake through equity award conversions.

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

Rhea-AI Filing Summary

Fresh Del Monte Produce SVP Jorge Pelaez Reyes increased his direct equity stake through equity award conversions. On 2026-03-03, he acquired 79.2586 Dividend Equivalent Units, 1,100 Restricted Stock Units and 1,100 Performance Stock Units through exercises of derivative securities at a stated price of $0.0000 per unit. Related non-derivative entries show 1,100 Ordinary Shares in two transactions and 79 Ordinary Shares added, bringing his directly held Ordinary Shares to 7,460. RSUs and PSUs convert into Ordinary Shares on a one-for-one basis and generally vest in three equal annual installments once performance and service conditions are met.

Positive

  • None.

Negative

  • None.
Insider Pelaez Reyes Jorge
Role SVP, Central America
Type Security Shares Price Value
Exercise Dividend Equivalent Units 79.2586 $0.00 $0.00
Exercise Restricted Stock Units 1,100 $0.00 $0.00
Exercise Performance Stock Units 1,100 $0.00 $0.00
Exercise Ordinary Shares 1,100 $0.00 $0.00
Exercise Ordinary Shares 1,100 $0.00 $0.00
Exercise Ordinary Shares 79 $0.00 $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 -- -- --
Holdings After Transaction: Dividend Equivalent Units — 1,521.7932 contracts (Direct); Restricted Stock Units — 4,641 contracts for 2,438 underlying shares (Direct); Performance Stock Units — 14,119 contracts for 11,916 underlying shares (Direct); Ordinary Shares — 7,460 shares (Direct)
Footnotes (12)
  1. F1. 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. F2. 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.
  3. F3. The RSUs convert to Ordinary Shares on a one-for-one basis.
  4. F4. The RSUs were awarded on 3/3/2025 and vested in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028.
  5. F5. 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.
  6. F6. The PSUs convert to Ordinary Shares on a one-for-one basis.
  7. F7. The PSUs were awarded on 2/20/2019 subject to meeting the 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.
  8. F8. 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.
  9. F9. 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.
  10. F10. 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.
  11. F11. 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 vesting will occur on 3/3/2027 and 3/3/2028.
  12. F12. 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 did FDP executive Jorge Pelaez Reyes report on this Form 4?
He reported acquiring additional equity in Fresh Del Monte Produce (FDP) through exercises of stock-based awards. These included Dividend Equivalent Units, Restricted Stock Units, Performance Stock Units, and related Ordinary Shares, all recorded on March 3, 2026 at a stated price of $0.0000.

How many Fresh Del Monte Ordinary Shares does Jorge Pelaez Reyes now hold directly?
Following these transactions, Jorge Pelaez Reyes directly holds 7,460 Ordinary Shares of Fresh Del Monte Produce. This figure reflects multiple non-derivative entries on March 3, 2026, including two blocks of 1,100 shares each and an additional 79-share entry.

What equity awards were converted or exercised by the FDP SVP on March 3, 2026?
On March 3, 2026, he exercised or converted 79.2586 Dividend Equivalent Units, 1,100 Restricted Stock Units, and 1,100 Performance Stock Units. Footnotes state RSUs and PSUs convert to Ordinary Shares on a one-for-one basis when vesting and performance conditions are satisfied.

How do Dividend Equivalent Units work for FDP’s RSUs and PSUs?
Each Dividend Equivalent Unit (DEU) represents a contingent right to receive one Ordinary Share of FDP. DEUs follow the same restrictions, vesting, and performance criteria as the underlying Restricted Stock Units and Performance Stock Units to which they relate, according to the footnotes.

What are the vesting terms for the recent FDP RSU and PSU awards mentioned?
One RSU grant awarded on March 3, 2025 vests in three equal installments, with remaining vestings on March 3, 2027 and March 3, 2028. Another RSU and a PSU grant awarded on March 2, 2026 also vest in three equal annual installments through March 2, 2029.

Were performance conditions met for the older Fresh Del Monte PSUs held by this executive?
Yes. Footnotes state various PSU awards from 2019–2025 met minimum performance criteria at levels from 83% to 100%. These PSUs vested in three equal annual installments, with settlement of some PSUs and related DEUs occurring after employment termination.

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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*
Pelaez Reyes Jorge
(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, Central America
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 1,100 A $0 6,281 D
Ordinary Shares 03/03/2026 M 1,100 A $0 7,381 D
Ordinary Shares 03/03/2026 M 79(1) A $0 7,460 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) 03/03/2026 M 79.2586(1) (2) (2) Ordinary Shares 79.2586 $0 1,521.7932 D
Restricted Stock Units (3) 03/03/2026 M 1,100 (4) (4) Ordinary Shares 1,100 $0 2,203 D
Restricted Stock Units (3) (5) (5) Ordinary Shares 2,438 2,438 D
Performance Stock Units (6) (7) (7) Ordinary Shares 3,000 3,000 D
Performance Stock Units (6) (8) (8) Ordinary Shares 2,090 2,090 D
Performance Stock Units (6) (9) (9) Ordinary Shares 2,390 2,390 D
Performance Stock Units (6) (10) (10) Ordinary Shares 1,998 1,998 D
Performance Stock Units (6) 03/03/2026 M 1,100 (11) (11) Ordinary Shares 1,100 $0 2,203 D
Performance Stock Units (6) (12) (12) Ordinary Shares 2,438 2,438 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. 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.
3. The RSUs convert to Ordinary Shares on a one-for-one basis.
4. The RSUs were awarded on 3/3/2025 and vested in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028.
5. 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.
6. The PSUs convert to Ordinary Shares on a one-for-one basis.
7. The PSUs were awarded on 2/20/2019 subject to meeting the 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.
8. 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.
9. 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.
10. 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.
11. 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 vesting will occur on 3/3/2027 and 3/3/2028.
12. 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.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Jorge Pelaez Reyes 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.

Source: View Original Filing on SEC EDGAR

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