Form 4: Fresh Del Monte Produce Inc. Director Charles Beard Jr. Reports Changes in Beneficial Ownership

Director Charles Beard Jr. reports acquisition of dividend equivalent units and holding of restricted stock units in Fresh Del Monte Produce Inc.

Summary

• On June 7, 2024, Charles Beard Jr., a director of Fresh Del Monte Produce Inc., reported changes in his beneficial ownership of the company's securities.
• He acquired 68.1034 dividend equivalent units (DEUs) as a result of dividend equivalents accrued with respect to outstanding restricted stock units (RSUs).
• Each DEU represents a contingent right to receive one ordinary share of FDP and is subject to the same restrictions and vesting criteria as the underlying RSUs.
• Beard also holds 6,162 restricted stock units (RSUs) that convert to ordinary shares on a one-for-one basis.
• These RSUs are scheduled to vest on May 7, 2025, which is the one-year anniversary of the grant date.
• Following the reported transactions, Beard directly owns 22,740.9183 ordinary shares and 68.1034 dividend equivalent units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports transactions and holdings.

Positives

• The acquisition of dividend equivalent units suggests continued investment and confidence in the company by a director.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates