Fresh Del Monte (NYSE: FDP) CEO discloses 28,558-share sale and equity holdings
Rhea-AI Filing Summary
Fresh Del Monte Produce Inc. chairman and CEO Mohammad Abu-Ghazaleh, who is also a director and 10% owner, reported selling 28,558 ordinary shares on 12/15/2025 at a weighted average price of $38.4169 per share. The sale (code S) was executed pursuant to a Rule 10b5-1 trading plan adopted on September 16, 2025.
After this transaction, he beneficially owns 4,962,224 ordinary shares directly and 20,000 shares indirectly through his spouse. He also holds derivative equity awards, including 14,527.015 dividend equivalent units, 7,589 restricted stock units that vest in three equal installments through 3/3/2028, and performance stock units covering 70,961 and 115,442 ordinary shares that vest annually through 3/3/2028, subject to specified performance criteria such as a 105.5% achievement level on one PSU grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 28,558 | $38.4169 | $1.10M |
| holding | Dividend Equivalent Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 16, 2025. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $38.005 to $38.70 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Each Dividend Equivalent Unit ("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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate. Includes 4,536.9974 shares acquired through a dividend reinvestment plan. The RSUs convert to Ordinary Shares on a one-for-one basis. The 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. The RSUs were awarded on 3/3/2025 and will 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-to-one basis. These PSUs were awarded on 3/1/2024 subject to meeting the minimum performance criteria which was met at 105.5%. 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, 3/3/2027 and 3/3/2028.
FAQ
What insider transaction did Fresh Del Monte (FDP) report for its CEO?
Fresh Del Monte reported that chairman and CEO Mohammad Abu-Ghazaleh sold 28,558 ordinary shares of the company on 12/15/2025, coded as a sale (code S).
What dividend equivalent units and RSUs does the FDP CEO hold?
The CEO holds 14,527.015 dividend equivalent units, which each represent a contingent right to receive one ordinary share and follow the vesting of related RSUs and PSUs. He also holds 7,589 restricted stock units that convert into ordinary shares on a one-for-one basis.
What performance stock units (PSUs) does the Fresh Del Monte CEO hold and how do they vest?
Mohammad Abu-Ghazaleh holds PSUs covering 70,961 and 115,442 ordinary shares. One PSU grant awarded on 3/1/2024 met its minimum performance criteria at 105.5% and vests in three equal annual installments, with remaining vestings on 3/1/2026 and 3/1/2027. Another PSU grant awarded on 3/3/2025 is earned subject to minimum performance criteria and, once earned, vests in three equal annual installments on 3/3/2026, 3/3/2027 and 3/3/2028.
What is the relationship of the reporting person to Fresh Del Monte (FDP)?
The reporting person, Mohammad Abu-Ghazaleh, is identified as a director, 10% owner, and officer, serving as Chairman and CEO of Fresh Del Monte Produce Inc.