Cloyd Mary Ann 4

What Happened

• Mary Ann Cloyd, a director of Fresh Del Monte Produce Inc. (FDP), converted/exercised restricted stock units (RSUs) and related Dividend Equivalent Units (DEUs) into ordinary shares in transactions reported May 4–5, 2026.
• The filing shows acquisitions of 4,489 shares and 149 shares on May 5, 2026 (exercise/conversion entries at $0.00), plus a grant/acquisition of 3,717 derivative shares on May 4, 2026 — totaling 8,355 shares acquired. The filing also lists dispositions of 4,489 shares and 149.227 shares on May 5, 2026 (also $0.00), totaling about 4,638.227 shares disposed. All reported transactions show $0.00 per share (conversion/exercise of awards rather than cash purchases).

Key Details

• Transaction dates and prices: May 4, 2026 (grant of 3,717 RSU-equivalent shares at $0); May 5, 2026 (exercise/conversion and related dispositions at $0).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes of note:
  • 0.2267 fractional DEUs were paid in cash instead of shares.
  • DEUs represent contingent rights to one ordinary share and follow the same vesting/restriction rules as the underlying RSUs.
  • 149.2267 shares reflect shares acquired through a dividend reinvestment plan.
  • The RSUs convert one-for-one to ordinary shares; some RSUs vested on May 5, 2025 and others vest on May 4, 2026 per the filing.
• Filing timeliness: Report filed May 6, 2026 for transactions on May 4–5, 2026 — appears to be filed within the standard Form 4 reporting window.

Context

• This activity reflects conversion/settlement of equity awards (RSUs/DEUs) rather than open-market buying or selling for cash. Transactions showing $0 per share typically indicate the conversion/settlement of awards or exercise of derivative awards; some underlying shares were also recorded as disposed in the filing. These award conversions are routine for equity compensation and do not, by themselves, indicate a purchase-based bullish signal.