Renino Gianpaolo 4

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.