Fresh Del Monte (NYSE: FDP) SVP sells shares to cover tax
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP Danny Dumas reported equity award vesting and related share sales. On 2026-03-03, his Restricted Stock Units, Performance Stock Units and associated Dividend Equivalent Units were converted to Ordinary Shares at no cost, with each unit converting on a one-for-one basis.
Footnotes state that 818 Ordinary Shares were sold in two open-market transactions at $42.28 per share on 2026-03-04 solely to cover withholding tax obligations arising from the vesting of RSUs and PSUs. After these transactions, Dumas continued to hold Ordinary Shares and additional unvested RSUs, PSUs and DEUs that vest in equal annual installments over future dates, subject in some cases to minimum performance criteria that were met at 100%.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Dumas Danny
Role
SVP, NA Sales, Mkt & Prd Mgmt
Sold
818 shs ($35K)
Approx. gross sale proceeds
$35K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 409 | $42.28 | $17K |
| Sale | Ordinary Shares | 409 | $42.28 | $17K |
| Exercise | Dividend Equivalent Units | 95.1818 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,321 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 1,321 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,321 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 1,321 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 95 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 267.78 shares (Direct);
Restricted Stock Units — 5,543 shares (Direct);
Performance Stock Units — 7,311 shares (Direct);
Ordinary Shares — 2,560 shares (Direct)
Footnotes (11)
- F1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") vesting were paid in cash.
- F2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs.
- F3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs.
- F4. 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 RSUs and/or PSUs to which they relate.
- F5. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F6. 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.
- F7. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vestings will occur on 3/2/2027, 3/2/2028 and 3/2/2029.
- F8. ThePSUs convert to Ordinary Shares on a one-for-one basis.
- F9. The PSUs were awarded on 9/6/2024 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 9/6/2026 and 9/6/2027.
- F10. 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 of 3/3/2027 and 3/3/2028.
- F11. The PSUs were awarded 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did FDP executive Danny Dumas report in this Form 4 filing?
Danny Dumas, a senior vice president at Fresh Del Monte Produce (FDP), reported vesting of RSUs, PSUs and related DEUs that converted into Ordinary Shares at no cost, plus associated tax-related share sales, reflecting routine equity compensation activity and subsequent holdings updates.
What are Dividend Equivalent Units, RSUs and PSUs in the FDP Form 4 filing?
Dividend Equivalent Units (DEUs), Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) each represent rights to receive one Ordinary Share. The filing notes they convert on a one-for-one basis and follow the same vesting and, for PSUs, performance criteria as their underlying awards.
What performance conditions applied to Danny Dumas’s FDP Performance Stock Units?
The Form 4 notes certain Performance Stock Units awarded to Danny Dumas were subject to minimum performance criteria that were met at 100%. These PSUs vest in three equal annual installments on specified future dates once the performance conditions are satisfied.
Over what schedule do Danny Dumas’s RSUs and PSUs at FDP vest?
The filing describes RSU and PSU awards to Danny Dumas that generally vest in three equal annual installments over three years, with specific vesting dates such as 3/2/2027, 3/2/2028, 3/2/2029, 9/6/2026, 9/6/2027, 3/3/2027 and 3/3/2028 listed for different grants.