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
- None.
Negative
- None.
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 (1)
- 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. 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. 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. 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 adn 3/3/2028.
