Form 4: Fresh Del Monte Produce Inc. Executive Sells Shares
SEC Form 4 Filing
Alexandre Apparecido, VP of Global Internal Audit at Fresh Del Monte Produce Inc., reports the sale of 1,500 ordinary shares at $27.5581 per share.
Summary
- On August 15, 2024, Alexandre Apparecido, VP of Global Internal Audit at Fresh Del Monte Produce Inc., sold 1,500 ordinary shares of the company.
- The shares were sold at a price of $27.5581 per share.
- Following the transaction, Apparecido directly owns 1,139 ordinary shares.
- Apparecido also holds derivative securities including Dividend Equivalent Units (DEUs), Restricted Stock Units (RSUs), and Performance Stock Units (PSUs) which convert to Ordinary Shares on a one-to-one basis.
- These derivative securities are subject to vesting schedules and performance criteria.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
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.
Key Dates
| Date | Description |
|---|---|
| 03/01/2021 | PSUs were awarded and subject to meeting minimum performance criteria which was met at 91%. |
| 03/30/2021 | RSUs were awarded and vest in five equal annual installments. |
| 06/15/2022 | RSUs were awarded and vest in three equal annual installments; PSUs were awarded and subject to meeting minimum performance criteria which was met at 97.3%. |
| 03/02/2023 | RSUs were awarded and vest in three equal annual installments. |
| 03/01/2024 | PSUs were awarded and are earned subject to meeting minimum performance criteria. |
| 08/15/2024 | Alexandre Apparecido sold 1,500 ordinary shares at $27.5581. |
| 08/19/2024 | Date of the report. |
| 03/02/2025 | Remaining vesting date for RSUs awarded on 6/15/2022. |
| 03/30/2025 | Remaining vesting date for RSUs awarded on 3/30/2021. |
| 03/01/2025 | First vesting date for PSUs awarded on 3/1/2024. |
| 03/02/2025 | Remaining vesting date for RSUs awarded on 3/2/2023. |
| 03/01/2026 | Second vesting date for PSUs awarded on 3/1/2024. |
| 03/02/2026 | Remaining vesting date for RSUs awarded on 3/2/2023. |
| 03/01/2027 | Third vesting date for PSUs awarded on 3/1/2024. |
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