Form 4: Fresh Del Monte Produce Inc. Director Amir Abu Ghazaleh Reports Changes in Beneficial Ownership

Director Amir Abu Ghazaleh reports changes in beneficial ownership of Fresh Del Monte Produce Inc. shares due to the vesting of restricted stock units and dividend equivalent units.

Summary

• On May 4, 2024, Amir Abu Ghazaleh, a director of Fresh Del Monte Produce Inc., reported changes in beneficial ownership of the company's ordinary shares.
• These changes involve the vesting of 5,666 restricted stock units (RSUs) and 191.6343 dividend equivalent units (DEUs).
• The RSUs vested on the earlier of May 4, 2024 (one-year anniversary of the grant date), or the date of the next annual meeting of shareholders following the grant date.
• The DEUs represent a contingent right to receive one ordinary share of FDP and are subject to the same restrictions and vesting criteria as the underlying RSUs.
• After these transactions, Abu Ghazaleh directly owns 3,273,414 ordinary shares.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company insiders.

Stakeholder Impact

• The vesting of RSUs and DEUs may have a minor dilutive effect on existing shareholders.

Key Dates