FDP.NYSEFresh Del Monte Produce INC

Form 4: Fresh Del Monte Produce Inc. Executive Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Fresh Del Monte Produce INC
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Jorge Pelaez Reyes, VP of Central America at Fresh Del Monte Produce Inc., reports the vesting and conversion of restricted stock units (RSUs) and performance stock units (PSUs) into ordinary shares.

Summary

  • Jorge Pelaez Reyes, a VP at Fresh Del Monte Produce Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
  • The transactions involve the vesting and conversion of RSUs and PSUs into ordinary shares.
  • On March 1, 2025, 1,998 PSUs and 74 RSUs vested and were converted into ordinary shares.
  • On March 2, 2025, 574, 738, 880, and 165 RSUs/PSUs vested and were converted into ordinary shares.
  • These transactions increased the reporting person's direct ownership of ordinary shares to 4,429.
  • The reporting person also owns derivative securities including Dividend Equivalent Units (DEUs), Restricted Stock Units (RSUs), and Performance Stock Units (PSUs).

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine disclosure of stock transactions by a company executive.

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 vesting of stock units aligns the executive's interests with those of shareholders.

Key Dates

DateDescription
03/01/2025Date of earliest transaction involving vesting of PSUs and RSUs.
03/02/2025Date of further transactions involving vesting of RSUs and PSUs.
03/04/2025Date of Form 4 filing.

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