Form 4: Fresh Del Monte Produce Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Alexandre Apparecido, VP of Global Internal Audit at Fresh Del Monte Produce Inc., reports transactions involving ordinary shares, dividend equivalent units, restricted stock units, and performance stock units.
Summary
- On March 29, 2024, Alexandre Apparecido acquired 110.4415 Dividend Equivalent Units (DEUs) as a result of dividend equivalents accrued with respect to outstanding Restricted Stock Units (RSUs) and/or Performance Stock Units (PSUs).
- On March 30, 2024, Apparecido acquired 83, 500, and 500 ordinary shares through the conversion of DEUs, RSUs and PSUs respectively.
- Also on March 30, 2024, Apparecido sold 325 ordinary shares at a price of $25.91 per share to cover taxes payable upon the vesting of Restricted Stock Units.
- Following these transactions, Apparecido directly owns 2,639 ordinary shares, 358.5616 Dividend Equivalent Units, 500 Restricted Stock Units awarded on 3/30/2021, 502 Restricted Stock Units awarded on 6/15/2022, 1,263 Restricted Stock Units awarded on 3/2/2023, 1,909 Performance Stock Units awarded on 3/1/2021, 769.8886 Performance Stock Units awarded on 6/15/2022, and 5,170 Performance Stock Units awarded on 3/1/2024.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an insider, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | Performance Stock Units were awarded and subject to meeting minimum performance criteria which was met at 91%. |
| 03/30/2020 | Restricted Stock Units were awarded and vested in five equal annual installments. |
| 03/30/2021 | Restricted Stock Units were awarded and vest in five equal annual installments. |
| 06/15/2022 | Restricted Stock Units were awarded and vest in three equal annual installments. |
| 06/15/2022 | Performance Stock Units were awarded and subject to meeting minimum performance criteria which was met at 97.3%. |
| 03/02/2023 | Restricted Stock Units were awarded and vest in three equal annual installments. |
| 03/01/2024 | Performance Stock Units were awarded and are earned subject to meeting minimum performance criteria. |
| 03/29/2024 | Alexandre Apparecido acquired 110.4415 Dividend Equivalent Units (DEUs). |
| 03/30/2024 | Alexandre Apparecido acquired 83, 500, and 500 ordinary shares through the conversion of DEUs, RSUs and PSUs respectively. |
| 03/30/2024 | Alexandre Apparecido sold 325 ordinary shares at a price of $25.91 per share. |
| 04/02/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.