Form 4: Fresh Del Monte Produce Inc. Executive Sells Shares
SEC Form 4 Filing
Monica Vicente, SVP and Chief Financial Officer of Fresh Del Monte Produce Inc., sold 1,800 shares of the company's stock at a price of $27.44 per share on August 15, 2024.
Summary
- On August 15, 2024, Monica Vicente, the SVP and Chief Financial Officer of Fresh Del Monte Produce Inc. (FDP), sold 1,800 ordinary shares of the company.
- The shares were sold at a price of $27.44 per share.
- Following the transaction, Vicente directly owns 3,466 ordinary shares of Fresh Del Monte Produce Inc.
- Vicente also holds derivative securities including Dividend Equivalent Units, Restricted Stock Units, and Performance Stock Units, which are subject to vesting and performance criteria.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an executive stock sale. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 06/15/2022 | RSUs and PSUs were awarded, vesting in installments. |
| 03/02/2023 | RSUs were awarded, vesting in installments. |
| 03/01/2024 | PSUs were awarded, vesting in installments subject to performance criteria. |
| 08/15/2024 | Monica Vicente sold 1,800 shares at $27.44 per share. |
| 08/19/2024 | Date of the report filing. |
| 03/02/2025 | Remaining vesting date for RSUs awarded on 6/15/2022. |
| 03/02/2025 | Remaining vesting date for RSUs awarded on 3/2/2023. |
| 03/02/2025 | Remaining vesting date for PSUs awarded on 6/15/2022. |
| 03/01/2025 | First vesting installment for PSUs awarded on 3/1/2024. |
| 03/02/2026 | Vesting date for RSUs awarded on 3/2/2023. |
| 03/01/2026 | Second vesting installment for PSUs awarded on 3/1/2024. |
| 03/01/2027 | Final vesting installment for PSUs awarded on 3/1/2024. |
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