4/A: Fresh Del Monte Produce Director Charles Beard Jr. Amends Form 4 Filing to Correct Dividend Amount

Charles Beard Jr., a director at Fresh Del Monte Produce, amended his Form 4 filing to correct an administrative error in the reported dividend amount related to Dividend Equivalent Units (DEUs).

Summary

• This is an amendment to a Form 4 filing by Charles Beard Jr., a director at Fresh Del Monte Produce Inc.
• The amendment corrects the dividend amount related to Dividend Equivalent Units (DEUs) that was incorrectly reported in the original filing on December 12, 2023.
• The corrected filing reflects the receipt of 48.2465 DEUs as a result of dividend equivalents accrued with respect to outstanding Restricted Stock Units (RSUs).
• These DEUs represent a contingent right to receive one ordinary share of Fresh Del Monte Produce and are subject to the same restrictions and vesting criteria as the underlying RSUs.
• The total number of DEUs beneficially owned following the reported transaction is 135.6555.
• The dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing amendment, indicating standard corporate governance practices. The correction of an error suggests attention to detail, which is mildly positive.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors and officers, as required by the SEC. Amendments are sometimes necessary to correct errors or omissions in the original filings.

Key Dates