Form 4: Fresh Del Monte Produce Inc: Director Lori Tauber Marcus Reports Changes in Beneficial Ownership

Director Lori Tauber Marcus reports changes in beneficial ownership of Fresh Del Monte Produce Inc. securities, including the acquisition of dividend equivalent units.

Summary

• On September 6, 2024, Lori Tauber Marcus, a director of Fresh Del Monte Produce Inc., reported changes in her beneficial ownership of the company's securities.
• She acquired 53.3766 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.
• Marcus directly owns 16,231 Ordinary Shares.
• She also holds 6,162 Restricted Stock Units (RSUs) which convert to Ordinary Shares on a one-for-one basis and vest on the one-year anniversary of the grant date (May 7, 2024).
• Following the reported transaction, Marcus beneficially owns 121.48 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and doesn't convey any particular sentiment. It simply reports changes in ownership.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence for publicly traded companies. It provides transparency to investors regarding the holdings of company directors.

Stakeholder Impact

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

Key Dates