Beard Charles Jr. 4

What Happened
Charles Beard Jr., a director of Fresh Del Monte Produce Inc. (FDP), converted derivative awards and received an RSU grant that resulted in a net issuance of approximately 3,717 ordinary shares. Transactions show exercises/conversions (code M) and an award/grant (code A); all reported share prices were $0.00 because these were equity awards/RSU conversions rather than open‑market purchases.

Key Details

• Transaction dates: May 4–5, 2026. Filing date: May 6, 2026 (timely).
• Reported activity:
  • 2026-05-04: Grant/award (A) of 3,717 RSUs (price $0.00) — these RSUs vest on the one‑year anniversary of the grant (per footnote F6).
  • 2026-05-05: Converted/exercised derivative items (M): acquired 4,489 shares and 149 shares at $0.00; concurrently disposed of 4,489 and 149.227 shares (all $0.00).
• Net effect: approximately +3,716.773 shares (rounded to 3,717) added to Beard’s holdings after accounting for conversions/disposals and fractional‑share adjustments.
• Footnotes of note:
  • F1: 0.2267 Dividend Equivalent Units (DEUs) were paid in cash for fractional shares.
  • F2/F4: Each DEU/RSU converts one‑for‑one into an ordinary share and is subject to the RSU vesting/restrictions.
  • F3: 149.2267 shares relate to a dividend reinvestment plan.
  • F5/F6: Some RSUs vested on May 5, 2025 (F5) and others vested on May 4, 2026 (F6).
• Shares owned after the transaction: not specified in the provided filing.

Context

• These filings reflect award vesting and conversion of derivative units (common for RSU programs), not open‑market buying or selling for cash. The conversions and disposals often reflect plan mechanics (vesting, dividend reinvestment, fractional‑share cashouts or tax withholding), as indicated by the footnotes. The filing was submitted promptly after the reported transactions.