Fresh Del Monte CEO disposes 27,575 shares; equity awards vest through 2028
Rhea-AI Filing Summary
Mohammad Abu-Ghazaleh, Chairman and CEO of Fresh Del Monte Produce Inc. (FDP) and reported 10% owner, filed a Form 4 showing insider share dispositions and existing equity awards. On 08/13/2025 he sold 20,000 ordinary shares at a weighted average price of $36.8485 (prices ranged $36.51–$37.09), leaving 5,048,357 shares beneficially owned. On 08/14/2025 he sold 7,575 ordinary shares at a weighted average price of $36.6057 (prices ranged $36.50–$37.00), leaving 5,040,782 shares beneficially owned. An additional 20,000 shares are disclosed as indirectly held by spouse.
The filing also details equity awards: 9,990.0176 dividend equivalent units, RSUs totaling 78,550 shares with remaining vesting through 2026–2028, and PSUs totaling 186,403 shares with portions earned (105.5% award) and vesting through 2026–2028. The transactions were signed by an attorney-in-fact on 08/15/2025.
Positive
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Negative
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Insights
TL;DR: Insider sold a modest portion of a large stake while retaining multi-year equity awards, signaling liquidity moves rather than departure.
The reported sales total 27,575 shares executed across two days at weighted average prices near $36.60–$36.85, a small percentage relative to the >5 million shares held post-sales. The filing confirms substantial remaining vested and unvested equity: DEUs, RSUs and PSUs that vest through 2028, including PSUs awarded at 105.5% achievement. For investors, this indicates continued alignment via long-term incentive awards while the insider monetized a limited amount of shares.
TL;DR: Disclosure is timely and detailed; equity award schedules and performance outcomes are clearly reported.
The Form 4 identifies the reporting person as Chairman, CEO and 10% owner and provides explicit counts, vesting schedules and the performance factor for PSUs (105.5%). Indirect ownership via spouse is disclosed. The filing includes price ranges and offers to provide transaction-level breakdowns, which supports transparency. No indications of unusual or unexplained transfers are present in the submission.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 7,575 | $36.6057 | $277K |
| Sale | Ordinary Shares | 20,000 | $36.8485 | $737K |
| holding | Dividend Equivalent Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (9)
- F1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $36.51 to $37.09 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.
- F2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $36.50 to $37.00 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.
- F3. Each Dividend Equivalent Unit ("DEU") represents a contingent right to receive one Ordinary Share of the Issuer. 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.
- F4. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F5. 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.
- F6. 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.
- F7. The PSUs convert to Ordinary Shares on a one-to-one basis.
- F8. 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.
- F9. 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 adn 3/3/2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.