FDP.NYSEFresh Del Monte Produce INC

Form 4: Fresh Del Monte Produce Inc. Executive VP, COO Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Mohammed Abbas, EVP and Chief Operating Officer of Fresh Del Monte Produce Inc., reports transactions involving ordinary shares, dividend equivalent units, restricted stock units, and performance stock units.

Summary

  • On March 1, 2025, Mohammed Abbas acquired 9,009 ordinary shares and disposed of 368 ordinary shares, resulting in a holding of 39,322 shares.
  • On March 2, 2025, Abbas acquired 2,838, 3,572, 3,268, and 726 ordinary shares, increasing his holdings to 49,726 shares.
  • These transactions involved the vesting of restricted stock units (RSUs) and performance stock units (PSUs), as well as dividend equivalent units (DEUs).
  • The RSUs and PSUs convert to ordinary shares on a one-for-one basis.
  • The vesting schedules for the RSUs and PSUs vary based on the award date and performance criteria.

Sentiment

Score: 5

Explanation: This is a neutral filing related to stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Positives

  • The reporting person increased their direct ownership of ordinary shares in the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in the executive's holdings.

Key Dates

DateDescription
2/24/2016PSUs were awarded subject to meeting minimum performance criteria, which was met at 100%.
2/22/2017The PSUs were awarded subject to meeting minimum performance criteria, which was met at 88.8%.
2/20/2019The PSUs were awarded subject to meeting minimum performance criteria, which was met at 100%.
3/2/2020The PSUs were awarded subject to meeting minimum performance criteria, which was met at 83%.
3/1/2021The PSUs were awarded subject to meeting minimum performance criteria, which was met at 91%.
6/15/2022The RSUs and PSUs were awarded subject to meeting minimum performance criteria which was met at 97.3%.
3/2/2023The RSUs were awarded and vest in three equal annual installments over three years.
3/1/2024The PSUs were awarded subject to meeting minimum performance criteria which was met at 100%.
3/1/2025Transactions involving ordinary shares, dividend equivalent units, restricted stock units, and performance stock units occurred.
3/2/2025Transactions involving ordinary shares, dividend equivalent units, restricted stock units, and performance stock units occurred.
3/2/2026Remaining vesting of RSUs awarded on 3/2/2023 will occur.
3/1/2026PSUs awarded on 3/1/2024 vest in three equal installments.
3/1/2027PSUs awarded on 3/1/2024 vest in three equal installments.

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