FDP.NYSEFresh Del Monte Produce INC

Form 4: Fresh Del Monte Produce Inc. Executive Monica Vicente Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Monica Vicente, SVP and CFO of Fresh Del Monte Produce Inc., reports changes in beneficial ownership of company stock, including acquisitions of dividend equivalent units and holdings of restricted and performance stock units.

Summary

  • Monica Vicente, the SVP and Chief Financial Officer of Fresh Del Monte Produce Inc. (FDP), filed a Form 4 with the SEC on September 10, 2024.
  • The report details changes in her beneficial ownership of the company's securities.
  • These changes include the acquisition of 212.8229 Dividend Equivalent Units (DEUs) on September 6, 2024, related to previously granted Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
  • The report also lists holdings of 562 Restricted Stock Units (RSUs) awarded on June 15, 2022, and 2,552 RSUs awarded on March 2, 2023.
  • Additionally, it mentions holdings of 841.8517 Performance Stock Units (PSUs) awarded on June 15, 2022, and 20,247 PSUs awarded on March 1, 2024.
  • Vicente directly owns 3,466 ordinary shares.

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 and their holdings in the company.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the holdings of a key executive.

Key Dates

DateDescription
06/15/2022RSUs and PSUs were awarded.
03/02/2023RSUs were awarded.
03/01/2024PSUs were awarded.
09/06/2024Acquisition of Dividend Equivalent Units.
09/10/2024Date of Form 4 filing.
03/02/2025Remaining vesting date for RSUs awarded on 6/15/2022.
03/02/2025Remaining vesting date for RSUs awarded on 3/2/2023.
03/02/2026Remaining vesting date for RSUs awarded on 3/2/2023.
03/02/2025Remaining vesting date for PSUs awarded on 6/15/2022.
03/01/2025Vesting date for PSUs awarded on 3/1/2024.
03/01/2026Vesting date for PSUs awarded on 3/1/2024.
03/01/2027Vesting date for PSUs awarded on 3/1/2024.

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