Form 4: FDP Director Sells Shares Under 10b5-1 Plan

Fresh Del Monte Produce Director Michael J. Berthelot sold 6,000 ordinary shares for approximately $35.85 per share.

Summary

• Director Michael J. Berthelot sold 6,000 ordinary shares of Fresh Del Monte Produce Inc. (FDP) on November 3, 2025.
• The shares were sold at a weighted average price of $35.8521, with prices ranging from $35.80 to $35.9521 per share.
• The transaction was executed pursuant to a Rule 10b5-1(c) pre-planned contract for the sale of equity securities.
• Following this transaction, Mr. Berthelot directly beneficially owns 7,499 ordinary shares.
• He also beneficially owns 79.3601 Dividend Equivalent Units (DEUs) and 4,489 Restricted Stock Units (RSUs).
• Each DEU represents a contingent right to receive one ordinary share and is subject to the same restrictions and vesting criteria as the underlying RSUs.
• The RSUs convert to ordinary shares on a one-for-one basis and were stated to vest on May 5, 2025.

Sentiment

Score: 5

Explanation: The filing reports a pre-planned insider sale, which is a routine liquidity event and does not inherently indicate positive or negative sentiment about the company's future. The 10b5-1 plan mitigates any potential negative signal.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on recent, non-public information, which can mitigate negative market perception of insider sales.

Negatives

• A director selling shares, even under a pre-planned arrangement, can sometimes be perceived by the market as a lack of confidence, though the 10b5-1 plan significantly reduces this interpretation.

Future Outlook

The filing indicates that 4,489 Restricted Stock Units (RSUs) were stated to vest on May 5, 2025, converting to ordinary shares on a one-for-one basis. Additionally, 79.3601 Dividend Equivalent Units (DEUs) represent contingent rights to receive ordinary shares, subject to the same vesting criteria as their related RSUs.

Industry Context

This Form 4 filing reports a routine insider transaction for a director of a publicly traded company. Such filings provide transparency into management's holdings and trading activities, which are standard disclosures in the financial industry.

Stakeholder Impact

• Shareholders may note the director's sale, but the pre-planned nature under Rule 10b5-1(c) suggests it is for personal financial planning rather than a reflection of company performance or outlook.

Next Steps

• The 4,489 Restricted Stock Units (RSUs) were stated to vest on May 5, 2025, converting into ordinary shares.

Key Dates

Recommendation

The reported transaction is a routine insider sale executed under a Rule 10b5-1 plan. Such planned sales are common for liquidity and diversification purposes and do not typically signal a change in the company's fundamental outlook or warrant an immediate change in investment recommendation.

Keywords

Fresh Del Monte Produce, FDP, Insider Trading, Form 4, Stock Sale, Director, Michael J. Berthelot, Ordinary Shares, Restricted Stock Units, Dividend Equivalent Units, 10b5-1 Plan