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

Michael J. Berthelot, a director at Fresh Del Monte Produce Inc., reports changes in beneficial ownership of ordinary shares and dividend equivalent units.

Summary

• Michael J. Berthelot, a director of Fresh Del Monte Produce Inc., filed a Form 4 detailing changes in his beneficial ownership.
• The report indicates the acquisition of 53.3766 dividend equivalent units (DEUs) on September 6, 2024, resulting from dividend equivalents accrued on outstanding restricted stock units (RSUs).
• These 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.
• Berthelot also directly owns 13,916 ordinary shares and 6,162 restricted stock units that will vest on May 7, 2025.
• Following the reported transactions, Berthelot directly owns 121.48 DEUs.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates