4/A: Fresh Del Monte Produce Director Amends Form 4 Filing to Correct Dividend Amount
SEC Filing (Form 4/A Amendment)
Mary Ann Cloyd, a director at Fresh Del Monte Produce, amended a previous Form 4 filing to correct an error in the reported dividend amount related to Dividend Equivalent Units (DEUs).
Summary
- Mary Ann Cloyd, a director at Fresh Del Monte Produce Inc. (FDP), filed an amended Form 4 with the SEC.
- The amendment, dated February 29, 2024, corrects a previously reported dividend amount on the original Form 4 filed on December 12, 2023.
- The correction pertains to Dividend Equivalent Units (DEUs) received as a result of dividend equivalents accrued with respect to outstanding Restricted Stock Units (RSUs).
- The director acquired 48.2465 DEUs on December 8, 2023, linked to ordinary shares.
- Following the transaction, the director directly owns 135.6555 DEUs.
- The DEUs are subject to the same restrictions and vesting criteria as the underlying RSUs.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a minor administrative error. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 12/08/2023 | Date of transaction: Acquisition of Dividend Equivalent Units. |
| 12/12/2023 | Date of original Form 4 filing. |
| 02/29/2024 | Date of amended Form 4/A filing. |
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