Fresh Del Monte SVP granted stock and PSUs
Fresh Del Monte Produce senior vice president for Central America Jorge Pelaez Reyes reported equity compensation activity on March 2, 2026.
Rhea-AI Filing Summary
Fresh Del Monte Produce senior vice president for Central America Jorge Pelaez Reyes reported equity compensation activity on March 2, 2026. He acquired ordinary shares through the exercise and conversion of Restricted Stock Units (RSUs) and Dividend Equivalent Units (DEUs), and received new grants of 2,438 RSUs and 2,438 Performance Stock Units (PSUs) at no cost. The footnotes state that RSUs and PSUs each convert into ordinary shares on a one-for-one basis and generally vest in three equal annual installments, with PSUs subject to specified minimum performance criteria.
Positive
- None.
Negative
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Insider Trade Summary
819.3997 shares exercised/converted
Exercise
12 txns
Insider
Pelaez Reyes Jorge
Role
SVP, Central America
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Units | 78.3997 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 741 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,438 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 2,438 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 741 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 78 | $0.00 | $0.00 |
| holding | Restricted 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:
Dividend Equivalent Units — 1,601.0518 contracts (Direct);
Restricted Stock Units — 5,741 contracts for 3,303 underlying shares (Direct);
Performance Stock Units — 15,220 contracts for 12,782 underlying shares (Direct);
Ordinary Shares — 5,181 shares (Direct)
Footnotes (13)
- F1. A fractional share of Dividend Equivalent Units ("DEUs") on the Restricted Stock Units ("RSUs") vesting was paid in cash.
- F2. 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 Performance Stock Units ("PSUs") to which they relate.
- F3. The RSUs convert to Ordinary Shares on a one-for-one basis.
- F4. The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting occurred on 3/2/2026.
- F5. The RSUs were awarded on 3/3/2025 and vested in three equal installments over three years. The vestings will occur on each of 3/3/2026, 3/3/2027, 3/3/2028.
- F6. The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The 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. These 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.
- F9. 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.
- F10. 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.
- 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 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.
- 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.
FAQ
What insider transactions did FDP executive Jorge Pelaez Reyes report?
Jorge Pelaez Reyes reported equity compensation transactions, acquiring ordinary shares from converting RSUs and DEUs, plus receiving new RSU and PSU grants. These awards vest over time and, once vested and earned, convert into ordinary shares on a one-for-one basis.
What types of equity awards did FDP grant to Jorge Pelaez Reyes?
He received Restricted Stock Units and Performance Stock Units. The filing notes 2,438 RSUs and 2,438 PSUs granted on March 2, 2026, each representing a right to receive one ordinary share if vesting and, for PSUs, performance conditions are satisfied.
What performance conditions apply to FDP Performance Stock Units in this filing?
PSUs are earned only if minimum performance criteria are met. The footnotes describe prior PSU awards with achievement levels of 83–100% and note that certain PSU and associated DEU settlements occur six months after employment termination, highlighting performance-based and timing conditions.
When will the new RSU and PSU awards to FDP’s Jorge Pelaez Reyes vest?
The RSUs and PSUs awarded on March 2, 2026 vest in three equal annual installments. According to the footnotes, vesting will occur on each of March 2, 2027, March 2, 2028, and March 2, 2029, assuming applicable conditions are satisfied.
AI-generated analysis. How Rhea-AI works. Not financial advice.
