FDP.NYSEFresh Del Monte Produce INC

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

Sentiment:

SEC Filing Amendment

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Jorge Pelaez Reyes, VP of Central America at Fresh Del Monte Produce Inc., amends a previous SEC Form 4 filing to correct an error in the reported dividend amount related to Dividend Equivalent Units.

Summary

  • Jorge Pelaez Reyes, a VP at Fresh Del Monte Produce Inc., filed an amended Form 4 with the SEC.
  • The amendment corrects the dividend amount previously reported on December 12, 2023, due to an administrative error.
  • The filing pertains to Dividend Equivalent Units (DEUs) which represent a contingent right to receive one ordinary share of FDP.
  • On December 8, 2023, Reyes acquired 142.3722 DEUs as a result of dividend equivalents accrued with respect to outstanding Restricted Stock Units (RSUs) and/or Performance Stock Units (PSUs).
  • Following the transaction, Reyes directly owns 960.9623 DEUs.
  • The DEUs are 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.

Industry Context

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

Key Dates

DateDescription
12/08/2023Date of transaction: Acquisition of Dividend Equivalent Units.
12/12/2023Date of original Form 4 filing which contained an error.
02/29/2024Date of amended Form 4/A filing.

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