ABU GHAZALEH AMIR 4
Research Summary
AI-generated summary
Fresh Del Monte (FDP) Director Abu Ghazaleh Exercises RSUs, Receives Shares
What Happened Abu Ghazaleh, a director of Fresh Del Monte Produce Inc. (FDP), had derivative awards convert to ordinary shares and received an RSU award. On May 5, 2026 he recorded conversions/exercises of roughly 4,638 derivative units into ordinary shares (items of 149 and 4,489 shares; $0 per share). On May 4, 2026 he was recorded as acquiring 3,717 restricted stock units (RSUs) (also $0 per share). No cash purchase was reported—the transactions reflect awards/derivative conversions, not open-market buying or sales for cash.
Key Details
- Transaction types: A = grant/award (3,717 RSUs on 2026-05-04); M = exercise/conversion of derivatives (149 and 4,489 units on 2026-05-05).
- Prices/values: All transactions reported at $0.00 per share (typical for RSU vesting/conversion to underlying shares).
- Fractional/DEU notes: 0.2267 Dividend Equivalent Units (DEUs) were paid in cash for fractional shares; 149.2267 ordinary shares include shares acquired via a dividend reinvestment plan.
- Vesting/rights: DEUs represent contingent rights to one ordinary share each; RSUs convert one-for-one to ordinary shares. Some RSUs were noted as vested on one‑year anniversaries of grant dates (May 5, 2025 and May 4, 2026 per footnotes).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed May 6, 2026 for transactions on May 4–5, 2026 (appears timely under Form 4 deadlines).
Context These entries reflect equity compensation mechanics—RSU grants and the conversion/exercise of derivative units into ordinary shares—rather than purchases or open-market sales. Such transactions are common for executives and directors when awards vest or dividends are converted into share equivalents; they do not necessarily indicate a personal cash investment or a decision to sell company stock.