Form 4: Fresh Del Monte Produce Inc. Director Mary Ann Cloyd Reports Changes in Beneficial Ownership

Director Mary Ann Cloyd reports acquisition of dividend equivalent units related to restricted stock units.

Summary

• Mary Ann Cloyd, a director of Fresh Del Monte Produce Inc., filed a Form 4 with the SEC.
• The report details changes in her beneficial ownership of the company's securities.
• On March 29, 2024, she acquired 55.9788 Dividend Equivalent Units (DEUs) related to her existing Restricted Stock Units (RSUs).
• These DEUs represent a contingent right to receive one ordinary share of FDP each and are subject to the same restrictions and vesting criteria as the underlying RSUs.
• Cloyd directly owns 18,020 ordinary shares and 191.6343 DEUs following the reported transaction.
• She also directly owns 5,666 Restricted Stock Units (RSUs) which convert to ordinary shares on a one-for-one basis.
• The RSUs vest on the earlier of May 4, 2024, or the date of the next annual meeting of shareholders following the grant date of May 4, 2023.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing changes in beneficial ownership. It doesn't convey any strong positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for 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