Fresh Del Monte SVP sells 2,622 shares
Fresh Del Monte Produce SVP Central America Jorge Pelaez Reyes sold shares and reported equity awards.
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Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP Central America Jorge Pelaez Reyes sold shares and reported equity awards. On May 28, 2026, he sold 2,622 Ordinary Shares at a weighted average price of $33.1909 per share and now holds 4,838 Ordinary Shares directly. The filing also lists Performance Stock Units, Restricted Stock Units and Dividend Equivalent Units, each generally converting into Ordinary Shares on a one-for-one basis, with remaining vesting installments scheduled between 2027 and 2029 and certain DEUs, including 145.1877 units, acquired through a dividend reinvestment plan.
Insider Trade Summary
Net Seller: 2,622 shares
Net Sell
10 txns
Insider
Pelaez Reyes Jorge
Role
SVP, Central America
Sold
2,622 shs ($87K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 2,622 | $33.1909 | $87K |
| holding | Dividend Equivalent Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance 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:
Ordinary Shares — 4,838 shares (Direct);
Dividend Equivalent Units — 1,666.9809 contracts (Direct);
Restricted Stock Units — 4,641 contracts (Direct);
Performance Stock Units — 14,119 contracts (Direct)
Footnotes (13)
- F1. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $33.1901 to $33.21 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. 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.
- F3. Includes 145.1877 DEUs acquired through a dividend reinvestment plan.
- F4. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F5. The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028.
- F6. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The remaining vestings will occur on each of 3/2/2027, 3/2/2028 and 3/2/2029..
- F7. The PSUs convert to Ordinary Shares on a one-for-one basis.
- F8. The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest 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 of employment.
- F9. The PSUs were awarded on 3/21/2020 subject to meeting minimum performance criteria which was met at 83%. The PSUs vest 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.
- F10. The PSUs were awarded on 3/1/2021 subject to meeting minimum performance criteria which was met at 91%. The PSUs vest 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.
- F11. 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.
- F12. 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 vestings will occur on 3/3/2027 and 3/3/2028.
- F13. 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.
Key Figures
Shares sold: 2,622 shares
Weighted average sale price: $33.1909 per share
Shares held after sale: 4,838 shares
+4 more
7 metrics
Shares sold
2,622 shares
Ordinary Shares sold on May 28, 2026
Weighted average sale price
$33.1909 per share
Open-market or private sale range $33.1901–$33.21
Shares held after sale
4,838 shares
Ordinary Shares directly owned following transaction
Largest PSU block
3,000 underlying shares
Performance Stock Units convertible into Ordinary Shares
Dividend Equivalent Units
1,666.9809 units
DEUs each represent one Ordinary Share
DEUs via reinvestment
145.1877 units
Acquired through dividend reinvestment plan
PSU performance achievement
83%–100%
Minimum performance criteria met on various PSU awards
Key Terms
Dividend Equivalent Unit (DEU), Restricted Stock Units (RSUs), Performance Stock Units (PSUs), dividend reinvestment plan, +2 more
6 terms
Dividend Equivalent Unit (DEU) financial
"Each Dividend Equivalent Unit (DEU) represents a contingent right to receive one ordinary share of FDP."
Restricted Stock Units (RSUs) financial
"The RSUs convert to Ordinary Shares on a one-for-one basis."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Performance Stock Units (PSUs) financial
"The PSUs convert to Ordinary Shares on a one-for-one basis."
Performance stock units (PSUs) are a form of executive or employee pay that promise company shares only if pre-set performance goals are met over a defined period; think of them as a bonus paid in stock that arrives only when the company hits agreed targets. Investors watch PSUs because they affect the number of shares outstanding (dilution) and reveal how management’s pay is tied to financial or operational results, aligning incentives with shareholder outcomes.
dividend reinvestment plan financial
"Includes 145.1877 DEUs acquired through a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
vesting financial
"The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
performance criteria financial
"The PSUs were awarded on 3/2/2026 and are earned subject to meeting minimum performance criteria."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FDP executive Jorge Pelaez Reyes report?
Jorge Pelaez Reyes reported selling 2,622 Ordinary Shares of Fresh Del Monte Produce at a weighted average price of $33.1909 per share. After this open-market sale, he directly holds 4,838 Ordinary Shares, alongside multiple outstanding performance, restricted and dividend-equivalent equity awards tied to future vesting.
What are Dividend Equivalent Units (DEUs) reported in the FDP Form 4?
Each Dividend Equivalent Unit represents a contingent right to receive one Ordinary Share of FDP, mirroring the restrictions and performance or vesting criteria of related RSUs and PSUs. The holdings include 1,666.9809 DEUs in total, of which 145.1877 were acquired through a dividend reinvestment plan.
How do FDP Restricted Stock Units (RSUs) reported for Jorge Pelaez Reyes vest?
The RSUs convert to Ordinary Shares on a one-for-one basis and vest in three equal annual installments. Awards granted on March 3, 2025 and March 2, 2026 have remaining installments scheduled on March 3, 2027, March 3, 2028, March 2, 2027, March 2, 2028 and March 2, 2029.
What performance conditions apply to FDP Performance Stock Units (PSUs) in this filing?
The PSUs convert to Ordinary Shares one-for-one and are earned only if minimum performance criteria are met. Prior PSU awards show achievement levels between 83% and 100%, vesting in equal annual installments, with settlement for some grants occurring six months after termination of employment or over 2027–2029 for newer awards.
What derivative equity positions remain for Jorge Pelaez Reyes in FDP?
Remaining derivative positions include several Performance Stock Unit tranches covering 2,438, 2,203, 1,998, 2,390, 2,090 and 3,000 underlying Ordinary Shares, plus Restricted Stock Units covering 2,438 and 2,203 shares and Dividend Equivalent Units tied to 1,666.9809 underlying shares, all with a stated exercise price of $0.0000.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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