Pelaez Reyes Jorge 4

What Happened
Jorge Pelaez, Senior Vice President, Central America for Fresh Del Monte Produce (FDP), reported conversions/exercises of derivative awards on 2026-03-01. The form shows acquisitions of 1,998 and 149 shares at $0.00 (total ~2,147 shares) and corresponding dispositions of 1,998 and 149.036 derivative units at $0.00. The $0.00 reporting indicates these were vesting/settlement events (conversion of PSUs/RSUs/DEUs), not purchases on the open market.

Key Details

• Transaction date: 2026-03-01; Form filed 2026-03-03 (timely filing). Transaction code: M (exercise/conversion of derivative).
• Reported acquisitions: 1,998 shares and 149 shares at $0.00. Reported dispositions: 1,998 shares and 149.036 shares at $0.00.
• Total shares involved: roughly 2,147 shares converted/settled (small fractional difference noted).
• Footnotes: F1 notes a fractional DEU on vesting paid in cash. Other footnotes (F2–F12) describe that DEUs convert one-for-one to ordinary shares and detail PSU/RSU award and vesting schedules (including awards from 3/1/2021, 3/1/2024, 3/3/2025).
• Shares owned after the reported transactions are not specified in the provided excerpt.

Context
An "M" code conversion/settlement typically reflects vesting of restricted or performance-based equity rather than a market purchase or voluntary sale. Dispositions reported at $0.00 and the cash payment note for fractional DEUs indicate settlement/withholding or cash-out of fractional units rather than an open-market sale. These routine vesting/settlement events are common and do not, by themselves, indicate insider buying or selling sentiment.