Form 4: Fresh Del Monte Produce Inc. Executive Reports Acquisition of Restricted Stock Units and Performance Stock Units
SEC Form 4 Filing
Gianpaolo Renino, SVP Europe & Africa at Fresh Del Monte Produce Inc., reports the acquisition of restricted stock units and performance stock units.
Summary
- Gianpaolo Renino, SVP Europe & Africa of Fresh Del Monte Produce Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes the acquisition of 3,208 Restricted Stock Units (RSUs) and 3,208 Performance Stock Units (PSUs) on March 3, 2025.
- Renino directly owns 15,388.501 Ordinary Shares following the reported transactions.
- The RSUs and PSUs convert to Ordinary Shares on a one-for-one basis and vest in installments over three years.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock-based compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The granting of RSUs and PSUs aligns executive interests with those of shareholders by incentivizing performance and long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 02/22/2017 | PSUs awarded subject to performance criteria, vesting in installments. |
| 02/20/2019 | PSUs awarded subject to performance criteria, vesting in installments. |
| 03/02/2020 | PSUs awarded subject to performance criteria, vesting in installments. |
| 03/01/2021 | PSUs awarded subject to performance criteria, vesting in installments. |
| 03/02/2023 | RSUs awarded, vesting in three equal installments over three years. |
| 03/01/2024 | PSUs awarded subject to performance criteria, vesting in installments. |
| 03/03/2025 | Date of earliest transaction and award of RSUs and PSUs. |
| 03/05/2025 | Date of Form 4 filing. |
| 03/02/2026 | Remaining vesting date for RSUs awarded on 3/2/2023. |
| 03/03/2026 | First vesting date for RSUs and PSUs awarded on 3/3/2025. |
| 03/01/2026 | Remaining vesting date for PSUs awarded on 3/1/2024. |
| 03/03/2027 | Second vesting date for RSUs and PSUs awarded on 3/3/2025. |
| 03/03/2028 | Final vesting date for RSUs and PSUs awarded on 3/3/2025. |
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