Berthelot Michael J 4

4 · FRESH DEL MONTE PRODUCE INC · Filed May 6, 2026

AI-generated summary of this filing

Updated May 6, 2026

Fresh Del Monte (FDP) Director Michael J. Berthelot Exercises RSUs

What Happened

Michael J. Berthelot (Director) had derivative/RSU activity reported May 6, 2026 for transactions on May 4–5, 2026. On May 4 he was granted 3,717 RSUs (awarded as derivative securities). On May 5 he converted/exercised derivative securities that resulted in the acquisition of 4,489 and 149 ordinary shares (total 4,638 shares) at $0 and simultaneous reported dispositions of substantially the same amounts (4,489 and 149.227 shares). The Form 4 reports $0 for these transactions because the conversions/exercises have no cash exercise price (RSUs/DEUs convert one‑for‑one to ordinary shares).

Key Details

Transaction dates: Grant on 2026-05-04; conversions/exercises on 2026-05-05. Filing date: 2026-05-06 (timely).
Reported amounts: Grant = 3,717 RSUs (A); Conversions/Exercises = acquired 4,638 shares (M) at $0; Disposed = ~4,638.227 shares (M) at $0.
Dollar values: Form reports $0 since these were RSU/DEU conversions (no exercise price). The filing does not provide sale proceeds if shares were sold after conversion.
Shares owned after transaction: Not specified in the provided excerpt — check the full Form 4 for total beneficial ownership.
Notable footnotes:
- F1: 0.2267 DEUs were cashed out for fractional‑share cash.
- F2: DEUs are contingent rights to receive one ordinary share and follow the vesting/restrictions of the underlying RSUs.
- F3: Includes 69.8666 ordinary shares acquired via dividend reinvestment plan.
- F4: RSUs convert one‑for‑one to ordinary shares.
- F5/F6: Some RSUs vested on May 5, 2025; others are scheduled to vest on May 4, 2026.
Timeliness: Filing appears timely (filed 2026-05-06 for events on 2026-05-04/05).

Context

These transactions are derivative conversions/RSU activity rather than open‑market purchases. The same‑day acquisition and disposition of nearly identical share amounts is common when RSUs convert and shares are simultaneously transferred/sold or withheld for taxes; the Form 4 shows conversion and disposition but does not detail cash proceeds or withholding amounts here. For full beneficial‑ownership impact and any sale proceeds, review the complete Form 4 filing.

Form 4

Period: 2026-05-04

Director

Transactions

Exercise/Conversion
Ordinary Shares
2026-05-05+4,489→ 11,988 total
Exercise/Conversion
Ordinary Shares
[F1]
2026-05-05+149→ 12,137 total
Exercise/Conversion
Dividend Equivalent Units
[F2][F3]
2026-05-05−149.227→ 0 total
→ Ordinary Shares (149.227 underlying)
Exercise/Conversion
Restricted Stock Units
[F4][F5]
2026-05-05−4,489→ 0 total
→ Ordinary Shares (4,489 underlying)
Award
Restricted Stock Units
[F4][F6]
2026-05-04+3,717→ 3,717 total
→ Ordinary Shares (3,717 underlying)

Footnotes (6)

[F1]0.2267 Dividend Equivalent Units ("DEUs") were deducted from the total due to fractional shares being paid in cash.
[F2]Each DEU represent a contingent right to receive one ordinary share of FDP. DEUs are subject to the same restrictions and vesting criteria based on the underlying Restricted Stock Units ("RSUs") to which they relate.
[F3]Includes 69.8666 Ordinary Shares acquired through a dividend reinvestment plan.
[F4]The RSUs convert to Ordinary Shares on a one-for-one basis.
[F5]These RSUs vested on the one-year anniversary of the grant date (May 5, 2025).
[F6]These RSUs shall vest on the one-year anniversary of the grant date (May 4, 2026).

Signature

/s/ Effie D. Silva, Attorney-in-Fact for Michael J. Berthelot|2026-05-06

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