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FRESH DEL MONTE PRODUCE INC·4

May 6, 5:31 PM ET

Berthelot Michael J 4

Research Summary

AI-generated summary

Updated

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.