Renino Gianpaolo 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Fresh Del Monte (FDP) SVP Renino Gianpaolo Exercises and Sells ~3,029 Shares
What Happened
- Renino Gianpaolo, SVP Europe & Africa of Fresh Del Monte Produce (FDP), exercised/converted derivative awards on 2026-03-01, acquiring 2,819 and 210 shares (total 3,029 shares) at $0.00. On the same date, 2,819 and 210.277 shares (total ~3,029.277) were reported as disposed at $0.00. No cash purchase price or sale proceeds are reported.
- Transaction code M indicates exercise/conversion of derivative awards (e.g., vested PSUs/RSUs/DEUs). The near-equal acquired and disposed amounts suggest the disposals were to satisfy tax withholding or settlement mechanics rather than an open-market sale.
Key Details
- Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (timely).
- Prices reported: $0.00 for both acquisitions and dispositions; total reported cash value $0.
- Shares acquired: 2,819 + 210 = 3,029. Shares disposed: 2,819 + 210.277 = ~3,029.277 (fractional share handled in cash).
- Shares owned after transaction: Not specified in the provided filing excerpts.
- Relevant footnotes: F1 (fractional DEU paid in cash), F2 (DEUs represent contingent rights to ordinary shares), F7/F10–F13 (these transactions relate to vested PSUs/DEUs that convert one-for-one to ordinary shares and vest per listed award schedules).
- Filing timeliness: Filed within the standard two-business-day window (not marked late).
Context
- For retail investors: this looks like routine equity award settlement—vested performance/retention units converted to shares with nearly equal share withholding/disposition (commonly used to satisfy taxes or plan obligations). Because no open-market purchase or cash sale is shown, these moves typically reflect compensation settlement rather than a deliberate buy/sell signal from the insider.
- Transaction code M = exercise/conversion of derivatives. The fractional share difference was paid in cash per the footnote.
Insider Transaction Report
Form 4
Renino Gianpaolo
SVP Europe & Africa
Transactions
- Exercise/Conversion
Ordinary Shares
2026-03-01+2,819→ 6,015.501 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-01+210→ 6,225.501 total - Exercise/Conversion
Dividend Equivalent Units
[F2][F1][F3]2026-03-01−210.277→ 2,538.446 total→ Ordinary Shares (210.277 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F12]2026-03-01−2,819→ 2,819 total→ Ordinary Shares (2,819 underlying)
Holdings
- 954
Restricted Stock Units
[F4][F5]→ Ordinary Shares (954 underlying) - 3,208
Restricted Stock Unit
[F4][F6]→ Ordinary Shares (3,208 underlying) - 3,552
Performance Stock Units
[F7][F8]→ Ordinary Shares (3,552 underlying) - 3,000
Performance Stock Units
[F7][F9]→ Ordinary Shares (3,000 underlying) - 1,612
Performance Stock Units
[F7][F10]→ Ordinary Shares (1,612 underlying) - 2,742
Performance Stock Units
[F7][F11]→ Ordinary Shares (2,742 underlying) - 3,208
Performance Stock Units
[F7][F13]→ Ordinary Shares (3,208 underlying)
Footnotes (13)
- [F1]A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash.
- [F10]The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria, which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F11]The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria, which was met at 91%. The PSUs vested in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F12]The PSUs were awarded on 3/1/2024 and subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 3/1/2026 and 3/1/2027.
- [F13]The PSUs were awarded on 3/3/2025 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/3/2026, 3/3/20027 and 3/3/2028.
- [F2]Each DEU represents a contingent right to receive one Ordinary Share of FDP. DEUs are subject to vesting and/or performance criteria based on the underlying Restricted Stock Units ("RSUs") and/or PSUs to which they related.
- [F3]Includes 440.1078 DEUs acquired through a dividend reinvestment plan.
- [F4]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F5]These RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2026.
- [F6]These RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The vestings will occur on 3/3/2026, 3/3/2027 and 3/3/2028.
- [F7]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F8]The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/20/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F9]The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Gianpaolo Renino|2026-03-03