Fresh Del Monte SVP converts awards into shares
Fresh Del Monte Produce SVP Ziad Nabulsi increased his direct equity stake through equity award vesting and conversions, not open-market trading.
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP Ziad Nabulsi increased his direct equity stake through equity award vesting and conversions, not open-market trading. On March 1, 2026, he converted 3,009 Performance Stock Units and 224 Dividend Equivalent Units into Ordinary Shares at a price of $0.00 per share, lifting his direct Ordinary Share holdings to 13,731 shares. His account now also reflects 608.9478 Dividend Equivalent Units, plus ongoing awards of Restricted Stock Units and Performance Stock Units that convert one-for-one into Ordinary Shares and vest in equal annual installments through 2028, subject to the stated vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 224.4496 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 3,009 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 3,009 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 224 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Footnotes (9)
- F1. A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash .
- F2. Each DEU represents a contingent right to receive one ordinary shares 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 PSUs to which they relate.
- F3. Includes 248.0083 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 3/2/2023 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 vest in three equal installments over three years. The vestings will occur on each of 3/3/2026, 3/3/2027 and 3/3/2028.
- F7. The PSUs convert to Ordinary Shares on a one-for-one basis.
- F8. These 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 vestings will occur on 3/1/2026 and 3/1/2027.
- F9. These 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 3/2/2026, 3/2/2027 and 3/2/2028.
FAQ
What did FDP executive Ziad Nabulsi report in this Form 4?
What equity awards were exercised or converted in this FDP Form 4 filing?
What are Dividend Equivalent Units (DEUs) and how do they work for FDP awards?
What vesting schedules apply to Nabulsi’s FDP Restricted Stock Units?
How do Nabulsi’s Performance Stock Units in FDP vest and convert?
AI-generated analysis. How Rhea-AI works. Not financial advice.