4/A: Fresh Del Monte Produce Inc. Executive Amends Form 4 to Correct Dividend Amount

Effie D. Silva, SVP, General Counsel & Secretary of Fresh Del Monte Produce Inc., amends a previous Form 4 filing to correct an incorrectly reported dividend amount related to Dividend Equivalent Units.

Summary

• Effie D. Silva, a Senior Vice President, General Counsel, and Secretary at Fresh Del Monte Produce Inc. (FDP), filed an amended Form 4 with the SEC.
• The amendment corrects a previously filed Form 4 from December 12, 2023, to reflect the accurate dividend amount for Dividend Equivalent Units (DEUs).
• The original filing contained an administrative error in the reported dividend amount.
• The corrected filing shows that Ms. Silva acquired 77.4647 Dividend Equivalent Units on December 8, 2023, as a result of dividend equivalents accrued with respect to outstanding Restricted Stock Units (RSUs) and/or Performance Stock Units (PSUs).
• Following the reported transaction, Ms. Silva directly owns 294.6447 Dividend Equivalent Units.
• Each DEU represents a contingent right to receive one ordinary share of FDP and is subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor administrative error. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Negatives

• The original Form 4 filing contained an administrative error, requiring an amendment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.

Stakeholder Impact

• The correction of the dividend amount ensures accurate information for shareholders.

Key Dates