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FRESH DEL MONTE PRODUCE INC·4

May 6, 5:31 PM ET

Abu-Ghazaleh Ahmad 4

Research Summary

AI-generated summary

Updated

Fresh Del Monte (FDP) Director Abu‑Ghazaleh Exercises Derivatives, Receives RSU Award

What Happened
Director Ahmad Abu‑Ghazaleh reported a series of derivative and award transactions in early May 2026. On May 4, 2026 he was recorded as receiving a grant of 3,717 derivative units (reported as an acquisition at $0.00) related to Restricted Stock Units (RSUs). On May 5, 2026 the filing shows exercise/conversion activity: he acquired 4,489 and 149 shares (each at $0.00) and the filing also reports corresponding disposals of approximately the same amounts the same day. All transactions are reported at $0.00 per share (stock‑settlement/derivative conversion rather than a cash purchase).

Key Details

  • Transaction dates: May 4, 2026 (grant/award); May 5, 2026 (exercise/conversion and matching disposals).
  • Prices reported: $0.00 for all entries (derivative conversion/award).
  • Shares involved: 3,717 (grant); 4,489 and 149 acquired via exercise/conversion; matching disposals of ~4,489 and ~149 shares on May 5.
  • Shares owned after transaction: Not stated in the summary data provided in this filing.
  • Notable footnotes from the filing:
    • 0.2267 Dividend Equivalent Units (DEUs) were paid in cash due to fractional shares (F1).
    • Each DEU represents a contingent right to one ordinary share and is tied to the underlying RSUs and their vesting (F2).
    • 149.2267 shares were acquired through a dividend reinvestment plan (F3).
    • The RSUs convert to ordinary shares on a one‑for‑one basis (F4).
    • Some RSUs vested on May 5, 2025; others shall vest on May 4, 2026 per the grant terms (F5, F6).
  • Filing timeliness: Report filed May 6, 2026 for transactions on May 4–5, 2026; no late filing flag indicated in the provided data.

Context

  • The filing mixes awards (RSU/DEU grant) and derivative conversions/exercises. RSU/DEU grants and conversions at $0.00 typically represent stock settlement of compensation rather than open‑market purchases.
  • The filing shows that shares converted on May 5 were also disposed of that same day in equal amounts, which commonly reflects immediate transfer or sale following conversion (the filing records the disposals but does not specify the reason).
  • These entries are compensation/derivative related and should be interpreted differently than open‑market purchases or outright sales by an insider; they document changes in beneficial ownership tied to company compensation and dividend reinvestment mechanisms.