Form 4: Fresh Del Monte Produce Inc. Director Charles Beard Jr. Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Charles Beard Jr. reports changes in beneficial ownership of Fresh Del Monte Produce Inc. securities, including the acquisition of dividend equivalent units and holdings of restricted stock units.
Summary
- On September 6, 2024, Charles Beard Jr., a director of Fresh Del Monte Produce Inc., reported changes in his beneficial ownership of the company's securities.
- The reported transactions include the acquisition of 53.3766 dividend equivalent units (DEUs) due to accrued dividend equivalents on outstanding restricted stock units (RSUs).
- Beard directly owns 22,740.9183 ordinary shares.
- He also holds 6,162 restricted stock units (RSUs) which convert to ordinary shares on a one-for-one basis and vest on May 7, 2025.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company insiders.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of transaction involving dividend equivalent units. |
| 05/07/2024 | Grant date of the restricted stock units. |
| 05/07/2025 | Vesting date of the restricted stock units. |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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