Pelaez Reyes Jorge 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Fresh Del Monte (FDP) SVP Jorge Pelaez Sells 2,622 Shares
What Happened
Jorge Pelaez, Senior Vice President, Central America at Fresh Del Monte Produce (FDP), sold 2,622 ordinary shares in an open-market transaction on May 28, 2026. The weighted-average sale price was $33.19 per share for a total proceeds of approximately $87,027. This was a sale (not a purchase or award).
Key Details
- Transaction date: 2026-05-28. Filing date: 2026-06-01 (filed within the normal Form 4 reporting window).
- Price: weighted average $33.19; prices in the sale ranged from $33.1901 to $33.21 (footnote F1).
- Shares sold: 2,622; total proceeds ≈ $87,027.
- Shares owned after the transaction: not specified in this filing.
- Relevant footnote: F1 explains the weighted average and price range and notes the reporting person can provide a per-price breakdown to the SEC or holders upon request. Several other footnotes in the filing describe the issuer’s equity award types (PSUs, RSUs, DEUs) and vesting schedules but do not change that this reported event was an open-market sale.
Context
- This was an ordinary open-market sale (transaction code S). Sales by insiders can be routine (to diversify, cover taxes, etc.) and do not by themselves indicate the insider’s view of company prospects.
- No indication here of option exercise, gift, or tax-withholding disposition tied to this specific sale.
Insider Transaction Report
Form 4
Pelaez Reyes Jorge
SVP, Central America
Transactions
- Sale
Ordinary Shares
[F1]2026-05-28$33.19/sh−2,622$87,027→ 4,838 total
Holdings
- 1,666.981
Dividend Equivalent Units
[F2][F3]→ Ordinary Shares (1,666.981 underlying) - 2,203
Restricted Stock Units
[F4][F5]→ Ordinary Shares (2,203 underlying) - 2,438
Restricted Stock Units
[F4][F6]→ Ordinary Shares (2,438 underlying) - 3,000
Performance Stock Units
[F7][F8]→ Ordinary Shares (3,000 underlying) - 2,090
Performance Stock Units
[F7][F9]→ Ordinary Shares (2,090 underlying) - 2,390
Performance Stock Units
[F7][F10]→ Ordinary Shares (2,390 underlying) - 1,998
Performance Stock Units
[F7][F11]→ Ordinary Shares (1,998 underlying) - 2,203
Performance Stock Units
[F7][F12]→ Ordinary Shares (2,203 underlying) - 2,438
Performance Stock Units
[F7][F13]→ Ordinary Shares (2,438 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 $33.1901 to $33.21 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 vest 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 annual 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 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 the same restrictions and vesting and/or performance criteria based on the underlying Restricted Stock Units (RSUs) and/or Performance Stock Units (PSUs) to which they relate.
- [F3]Includes 145.1877 DEUs acquired through a dividend reinvestment plan.
- [F4]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F5]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.
- [F6]The RSUs were awarded on 3/2/2026 and vest in three equal installments over three years. The remaining vestings will occur on each of 3/2/2027, 3/2/2028 and 3/2/2029..
- [F7]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F8]The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria which was met at 100%. The PSUs vest 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.
- [F9]The PSUs were awarded on 3/21/2020 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 Jorge Pelaez Reyes|2026-06-01