Renino Gianpaolo 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Fresh Del Monte (FDP) SVP Renino Gianpaolo Sells Shares
What Happened
Renino Gianpaolo, Senior Vice President, Europe & Africa of Fresh Del Monte Produce Inc. (FDP), sold 6,297 ordinary shares in an open-market sale on March 6, 2026. The weighted average sale price was $41.46 per share (price range $41.46–$41.52), for total proceeds of approximately $261,074. This was a sale (not a purchase or option exercise), which is generally considered routine insider selling rather than a direct bullish signal.
Key Details
- Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-10).
- Sale: 6,297 shares; weighted average price $41.46; price range $41.46–$41.52; proceeds ≈ $261,074 (see footnote F1).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: F1 clarifies the weighted-average price and provides the per-share price range; additional footnotes (F2–F13) in the filing describe outstanding RSUs/PSUs, dividend-equivalent units, and vesting schedules for various awards.
- Timeliness: Form 4 was filed on 2026-03-10 for a 2026-03-06 transaction; this filing date is within the standard two business-day reporting window and appears timely.
Context
- Sales (S) are typically routine insider transactions and do not necessarily indicate a change in company outlook; purchases are generally considered more informative as a bullish signal.
- Footnote F1: the filer can provide a breakdown of how many shares sold at each price within the $41.46–$41.52 range upon request.
- Several other footnotes in the filing describe the nature and vesting schedules of performance stock units (PSUs), restricted stock units (RSUs) and dividend-equivalent units (DEUs) that relate to the reporting person’s equity compensation, which may explain sources of shares sold.
Insider Transaction Report
Form 4
Renino Gianpaolo
SVP Europe & Africa
Transactions
- Sale
Ordinary Shares
[F1]2026-03-06$41.46/sh−6,297$261,074→ 3,197.501 total
Holdings
- 2,360.486
Dividend Equivalent Units
[F2]→ Ordinary Shares (2,360.486 underlying) - 2,139
Restricted Stock Unit
[F3][F4]→ Ordinary Shares (2,139 underlying) - 2,744
Restricted Stock Unit
[F3][F5]→ Ordinary Shares (2,744 underlying) - 3,552
Performance Stock Units
[F6][F7]→ Ordinary Shares (3,552 underlying) - 3,000
Performance Stock Units
[F6][F8]→ Ordinary Shares (3,000 underlying) - 1,612
Performance Stock Units
[F6][F9]→ Ordinary Shares (1,612 underlying) - 2,742
Performance Stock Units
[F6][F10]→ Ordinary Shares (2,742 underlying) - 2,819
Performance Stock Units
[F6][F11]→ Ordinary Shares (2,819 underlying) - 2,139
Performance Stock Units
[F6][F12]→ Ordinary Shares (2,139 underlying) - 2,744
Performance Stock Units
[F6][F13]→ Ordinary Shares (2,744 underlying)
Footnotes (13)
- [F1]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $41.46 to $41.52 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
- [F10]The PSUs were awarded on 3/1/2021 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.
- [F11]The PSUs were awarded on 3/1/2024 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three equal installments. The remaining vesting will occur on 3/1/2027.
- [F12]The PSUs were awarded on 3/3/2025 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 3/3/2027 and 3/3/2028.
- [F13]The PSUs were awarded on 3/2/2026 and are earned subject to meeting the minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2027, 3/2/2028 and 3/2/2029.
- [F2]Each Dividend Equivalent Unit ("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 Performance Stock Units ("PSUs") to which they relate.
- [F3]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F4]The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028.
- [F5]The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The vesting will occur on each of 3/2/2027, 3/2/2028 and 3/2/2029.
- [F6]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F7]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.
- [F8]The PSUs were awarded on 2/20/2019subject 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. The PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- [F9]The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria which was met at 83%. The PSUs vest 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.
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Gianpaolo Renino|2026-03-10