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.
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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).
At what price were the FDP shares sold by the CEO on 12/15/2025?
The 28,558 shares sold on 12/15/2025 were transacted at a weighted average price of $38.4169 per share, with individual sale prices ranging from $38.005 to $38.70 per share.
How many Fresh Del Monte (FDP) shares does the CEO own after the reported sale?
Following the sale, Mohammad Abu-Ghazaleh beneficially owns 4,962,224 ordinary shares directly and an additional 20,000 shares indirectly held by his spouse.
Was the FDP CEO’s share sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Mohammad Abu-Ghazaleh on September 16, 2025.
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.