ABU GHAZALEH MOHAMMAD 4

What Happened

• Mohammad Abu Ghazaleh, a reported 10% owner of Fresh Del Monte Produce Inc. (FDP), had derivative awards convert/exercise on March 1, 2026. The Form 4 shows acquired 57,721 shares and 4,305 shares (total 62,026) at $0.00 (conversion of awards), and nearly identical dispositions of 57,721 shares and 4,305.567 shares the same date. The transactions carry no purchase price because they are conversions of RSUs/PSUs; a fractional share (0.567) was paid out in cash per the filing.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Reported entries: Acquired 57,721 and 4,305 shares (code M — exercise/conversion of derivative); Disposed 57,721 and 4,305.567 shares (code M).
• Price: $0.00 for the conversions (these are award/vesting conversions, not open-market buys).
• Net change: effectively a reduction of 0.567 shares (fraction paid in cash); otherwise the converted shares were almost entirely disposed on the same day.
• Shares owned after transaction: not specified in the provided filing summary.
• Notable footnotes: fractional Dividend Equivalent Unit (DEU) paid in cash (F1); DEUs/RSUs/PSUs convert 1-for-1 to ordinary shares and are subject to vesting/performance schedules (F2–F8). Some PSUs awarded 3/1/2024 were earned at 105.5% and vest in installments (remaining vestings noted on 3/1/2026 and 3/1/2027).

Context

• These entries are derivative conversions (RSUs/PSUs) rather than open-market purchases or traditional option buys. The near-simultaneous acquisition and disposition of the same share amounts is consistent with conversions followed by immediate sale or transfer (commonly done to satisfy tax withholding or other post-vesting obligations), and the fractional share was settled in cash per the footnote.
• As a 10% owner, this filing reflects beneficial-owner activity tied to awards/vesting rather than a discretionary market trade by an executive.