Form 4: Fresh Del Monte Produce Inc. Executive Sells Shares

Jorge Pelaez Reyes, VP of Central America at Fresh Del Monte Produce Inc., sold 5,417 shares of common stock at an average price of $27.7455 on August 19, 2024.

Summary

• On August 19, 2024, Jorge Pelaez Reyes, a VP at Fresh Del Monte Produce Inc., sold 5,417 shares of the company's ordinary stock.
• The sale was executed at a weighted average price of $27.7455 per share, with individual prices ranging from $27.71 to $27.77.
• Following the transaction, Pelaez Reyes directly owns 0 shares.
• Pelaez Reyes also holds derivative securities, including Dividend Equivalent Units (DEUs), Restricted Stock Units (RSUs), and Performance Stock Units (PSUs), which are convertible to ordinary shares under certain conditions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing an insider stock sale, which is neutral in sentiment. It provides factual information without expressing any positive or negative outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, potentially leading to concerns about the company's future prospects, although this is a routine transaction.

Key Dates