Fresh Del Monte (NYSE: FDP) COO sale covers tax on PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce President & COO Mohammed Abbas reported multiple equity-related transactions. On March 2, 2026, he sold 3,929 Ordinary Shares of FDP in an open-market transaction at $42.88 per share. A footnote explains these shares were sold to cover withholding tax obligations on the settlement of vested Performance Stock Units (PSUs).
On March 1, 2026, Abbas acquired 9,910 Ordinary Shares through the conversion of PSUs and 739 Ordinary Shares through the conversion of Dividend Equivalent Units, both at a conversion price of $0.00. Following these transactions, he directly owned 52,280 Ordinary Shares, along with various outstanding Dividend Equivalent Units, Restricted Stock Units, and Performance Stock Units that convert into ordinary shares on a one-for-one basis under specified vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,929 shares ($168,476)
Net Sell
13 txns
Insider
Abbas Mohammed
Role
President & COO
Sold
3,929 shs ($168K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 3,929 | $42.88 | $168K |
| Exercise | Dividend Equivalent Units | 739.214 | $0.00 | -- |
| Exercise | Performance Stock Units | 9,910 | $0.00 | -- |
| Exercise | Ordinary Shares | 9,910 | $0.00 | -- |
| Exercise | Ordinary Shares | 739 | $0.00 | -- |
| 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 — 52,280 shares (Direct);
Dividend Equivalent Units — 5,096.03 shares (Direct);
Performance Stock Units — 9,910 shares (Direct);
Restricted Stock Units — 3,584 shares (Direct)
Footnotes (1)
- A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs. Each 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 PSUs to which they relate. Includes 2,477.6323 shares acquired through a dividend reinvestment plan. 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 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-for-one basis. The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The PSUs were awarded on 2/22/20217 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested 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. The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria which was met at 83%. The PSUs vested 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. The PSUs were awarded on 3/1/2021 subject to meeting minimum performance criteria which was met at 91%. The PSUs vested 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. 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 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 and 3/3/2028.
FAQ
What insider transaction did FDP executive Mohammed Abbas report?
Mohammed Abbas, President & COO of FDP, reported selling 3,929 Ordinary Shares at $42.88 per share and converting Performance Stock Units and Dividend Equivalent Units into additional Ordinary Shares on March 1–2, 2026, while retaining a substantial equity stake.
What equity awards in Fresh Del Monte does the COO continue to hold?
The COO continues to hold Dividend Equivalent Units, Restricted Stock Units, and multiple tranches of Performance Stock Units. These instruments generally convert into Ordinary Shares on a one-for-one basis, subject to vesting schedules and minimum performance criteria described in the award footnotes.
How were Performance Stock Units and Dividend Equivalent Units treated in this FDP Form 4?
On March 1, 2026, 9,910 Performance Stock Units and 739.2139 Dividend Equivalent Units were converted into Ordinary Shares at a $0.00 conversion price. A fractional Dividend Equivalent Unit was settled in cash, as noted in the footnotes.