Form 4: Mission Produce Officer Reports Stock Transactions

Mission Produce's Chief Accounting Officer, Damian Ricketts, reported recent stock transactions including RSU vesting and a new RSU grant.

Summary

• Damian Ricketts, Chief Accounting Officer of Mission Produce, Inc. (AVO), reported transactions on January 5 and 6, 2026.
• On January 6, 2026, 1,278 shares of common stock were withheld by the Issuer at a price of $11.66 to satisfy tax obligations related to RSU vesting.
• On January 5, 2026, 606 shares of common stock were withheld by the Issuer at a price of $11.59 to satisfy tax obligations related to RSU vesting.
• On January 6, 2026, an additional 290 shares of common stock were withheld by the Issuer at a price of $11.66 to satisfy tax obligations related to RSU vesting.
• On January 6, 2026, 3,703 Restricted Stock Units (RSUs) were acquired at a price of $0, granted under the 2020 Incentive Award Plan.
• Following these transactions, Damian Ricketts beneficially owns 8,660 shares of common stock directly.
• The newly granted RSUs represent the contingent right to receive one share of Common Stock per RSU and will vest in three equal installments on January 6, 2027, 2028, and 2029, subject to continued employment.

Sentiment

Score: 6

Explanation: The report details routine insider transactions, including a new RSU grant which is generally positive for executive retention and alignment of interests, balanced by the standard tax-related dispositions.

Positives

• The grant of 3,703 Restricted Stock Units (RSUs) to the Chief Accounting Officer aligns executive incentives with shareholder interests and indicates continued commitment to the company.

Negatives

• A total of 2,174 shares were withheld by the Issuer to cover tax withholding obligations related to the vesting of previously granted restricted stock units, which is a routine disposition for tax purposes.

Future Outlook

The 3,703 Restricted Stock Units granted to the Chief Accounting Officer are scheduled to vest in three equal installments on January 6, 2027, 2028, and 2029, contingent upon his continued employment with Mission Produce, Inc.

Management Comments

• The grant of 3,703 Restricted Stock Units under the 2020 Incentive Award Plan represents a contingent right to receive one share of Common Stock per RSU, vesting over three years subject to continued employment.

Industry Context

This Form 4 filing details routine insider transactions related to executive compensation, specifically the vesting of previously granted restricted stock units and the grant of new ones. Such filings are standard practice for publicly traded companies and reflect internal compensation structures rather than broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The grant of RSUs represents a form of equity compensation that can lead to minor dilution upon vesting but is intended to align executive interests with long-term shareholder value. The tax-related dispositions are routine and have minimal impact.
• Employees: The RSU grant is part of the executive compensation package, which can influence overall compensation philosophy within the company.

Next Steps

• The 3,703 RSUs will vest in three equal installments on January 6, 2027, January 6, 2028, and January 6, 2029, subject to the Reporting Person's continued employment.

Key Dates

Keywords

Mission Produce, AVO, Damian Ricketts, Chief Accounting Officer, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Grant, Stock Transactions, Executive Compensation