STOCK TITAN

Fresh Del Monte (NYSE: FDP) SVP sells shares to cover tax

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

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 Dumas Danny
Role SVP, NA Sales, Mkt & Prd Mgmt
Sold 818 shs ($35K)
Type Security Shares Price Value
Sale Ordinary Shares 409 $42.28 $17K
Sale Ordinary Shares 409 $42.28 $17K
Exercise Dividend Equivalent Units 95.182 $0.00 --
Exercise Restricted Stock Units 1,321 $0.00 --
Exercise Performance Stock Units 1,321 $0.00 --
Exercise Ordinary Shares 1,321 $0.00 --
Exercise Ordinary Shares 1,321 $0.00 --
Exercise Ordinary Shares 95 $0.00 --
holding Restricted Stock Units -- -- --
holding Performance Stock Units -- -- --
holding Performance Stock Units -- -- --
Holdings After Transaction: Ordinary Shares — 2,969 shares (Direct); Dividend Equivalent Units — 267.78 shares (Direct); Restricted Stock Units — 2,643 shares (Direct); Performance Stock Units — 2,643 shares (Direct)
Footnotes (1)
  1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") vesting were paid in cash. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs. 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 RSUs and/or PSUs to which they relate. The RSUs convert to Ordinary Shares on a one-for-one basis. 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. 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. ThePSUs convert to Ordinary Shares on a one-for-one basis. 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. 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. 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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dumas Danny

(Last) (First) (Middle)
C/O FRESH DEL MONTE PRODUCE INC.,
241 SEVILLA AVENUE

(Street)
CORAL GABLES FL 33114

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC [ FDP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, NA Sales, Mkt & Prd Mgmt
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 03/03/2026 M 1,321 A $0 1,962 D
Ordinary Shares 03/03/2026 M 1,321 A $0 3,283 D
Ordinary Shares 03/03/2026 M 95(1) A $0 3,378 D
Ordinary Shares 03/04/2026 S 409(2) D $42.28 2,969 D
Ordinary Shares 03/04/2026 S 409(3) D $42.28 2,560 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Dividend Equivalent Units (4) 03/03/2026 M 95.1818(1) (4) (4) Ordinary Shares 95.1818 $0 267.78 D
Restricted Stock Units (5) 03/03/2026 M 1,321 (6) (6) Ordinary Shares 1,321 $0 2,643 D
Restricted Stock Units (5) (7) (7) Ordinary Shares 2,900 2,900 D
Performance Stock Units (8) (9) (9) Ordinary Shares 1,768 1,768 D
Performance Stock Units (8) 03/03/2026 M 1,321 (10) (10) Ordinary Shares 1,321 $0 2,643 D
Performance Stock Units (8) (11) (11) Ordinary Shares 2,900 2,900 D
Explanation of Responses:
1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") vesting were paid in cash.
2. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's RSUs.
3. Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's PSUs.
4. 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.
5. The RSUs convert to Ordinary Shares on a one-for-one basis.
6. 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.
7. 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.
8. ThePSUs convert to Ordinary Shares on a one-for-one basis.
9. 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.
10. 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.
11. 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.
Remarks:
/s/ Effie D. Silva, Attorney-in-Fact for Danny Dumas 03/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many Fresh Del Monte shares did Danny Dumas sell and at what price?

Danny Dumas sold 818 Ordinary Shares of Fresh Del Monte Produce in two open-market transactions at $42.28 per share. Footnotes explain these sales were specifically to cover withholding tax obligations tied to the vesting of his RSU and PSU awards.

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.