Fresh Del Monte (NYSE: FDP) SVP sells 1,072 shares to cover taxes
Rhea-AI Filing Summary
Fresh Del Monte Produce SVP, General Counsel & Secretary Effie D. Silva reported equity award activity and related share sales. On March 3, 2026, Silva exercised several vested Restricted Stock Units (RSUs), Performance Stock Units (PSUs) and Dividend Equivalent Units, each converting into Ordinary Shares at a price of $0.00 per share.
On March 4, 2026, Silva sold a total of 1,072 Ordinary Shares in two open-market transactions at $42.28 per share. Footnotes state these sales were made to cover withholding tax obligations on the settlement of her RSUs and PSUs. After these transactions, she directly owned 14,430.1318 Ordinary Shares, along with remaining RSU, PSU and DEU positions that continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
SILVA EFFIE D
Role
SVP, General Counsel & Secy
Sold
1,072 shs ($45K)
Approx. gross sale proceeds
$45K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 536 | $42.28 | $23K |
| Sale | Ordinary Shares | 536 | $42.28 | $23K |
| Exercise | Dividend Equivalent Units | 151.9596 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,109 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 2,109 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 2,109 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 2,109 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 151 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Dividend Equivalent Units — 691.0531 shares (Direct);
Restricted Stock Units — 9,195 shares (Direct);
Performance Stock Units — 14,384 shares (Direct);
Ordinary Shares — 14,430.1318 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 was paid in cash.
- F2. Represents shares sold to cover withholding tax obligations on the settlement of vesting of the Reporting Person's RSUs.
- F3. Represents shares sold to cover withholding tax obligations on the settlement 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. 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. The PSUs convert to Ordinary Shares on a one-for-one basis.
- F9. The PSUs were awarded on 3/1/2024 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three annual equal installments. The remaining vesting will occur on 3/1/2027.
- 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 on 3/3/2027 and 3/3/2028.
- F11. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did FDP executive Effie D. Silva report?
Effie D. Silva reported exercising RSU, PSU and Dividend Equivalent Unit awards into Fresh Del Monte Ordinary Shares at $0.00 per share, then selling 1,072 shares at $42.28. Footnotes explain the sales were solely to cover withholding tax obligations on vested equity awards.
What do the RSU and PSU awards in FDP’s Form 4 represent for Effie D. Silva?
Silva’s RSUs and PSUs each convert into one Fresh Del Monte Ordinary Share when vested, as noted in footnotes. RSUs awarded on 3/3/2025 and 3/2/2026 vest in three equal annual installments, while PSUs from 2024 and 2025 vested tranches met minimum performance criteria at 100%.
How are performance conditions described for Effie D. Silva’s FDP PSUs?
Footnotes state PSUs awarded on 3/1/2024 and 3/3/2025 were subject to minimum performance criteria that were met at 100%, vesting in three equal annual installments. PSUs granted on 3/2/2026 are earned based on minimum performance criteria, then vest annually over three years once earned.