Nabulsi Ziad 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Fresh Del Monte (FDP) SVP Ziad Nabulsi Converts ~3,233 Shares
What Happened
- Ziad Nabulsi, Senior VP, North American Operations at Fresh Del Monte Produce (FDP), had derivative awards convert into ordinary shares on 2026-03-01. The filing shows acquisitions of 3,009 and 224 shares (total ~3,233) at $0.00 (derivative conversion/vesting) and nearly identical disposals of 3,009 and 224.45 shares at $0.00. The $0 price indicates conversion/vesting rather than a cash purchase; no dollar sale proceeds are reported on the Form 4.
Key Details
- Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (filed within the normal 2-business-day window).
- Prices: $0.00 per share (derivative conversion/vesting).
- Shares acquired: 3,009 and 224 (total ~3,233). Shares disposed: 3,009 and 224.45 (total ~3,233.45); the fractional difference was paid in cash per the footnotes.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- DEUs (Dividend Equivalent Units) representing contingent rights to FDP ordinary shares were involved; a fractional DEU was paid in cash (F1, F2).
- RSUs and PSUs convert 1:1 to ordinary shares; awards and vesting schedules are noted (awards from 3/2/2023, 3/1/2024, 3/3/2025 with remaining vesting dates in 2026–2028) (F4–F9).
- 248.0083 DEUs were acquired through a dividend reinvestment plan (F3).
- Filing timeliness: No late filing flag indicated.
Context
- This was a derivative conversion/vesting event (transaction code M). The near-equal number of shares disposed on the same date is consistent with a sell-to-cover or tax-withholding settlement commonly used when awards vest, rather than a discretionary market sale for investment purposes. A small fractional DEU was settled in cash per the footnotes. The filing does not indicate any open-market purchases or a 10% owner transaction.
Insider Transaction Report
Form 4
Nabulsi Ziad
SVP, North American Operations
Transactions
- Exercise/Conversion
Ordinary Shares
2026-03-01+3,009→ 13,507 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-01+224→ 13,731 total - Exercise/Conversion
Dividend Equivalent Units
[F2][F1][F3]2026-03-01−224.45→ 608.948 total→ Ordinary Shares (224.45 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F8]2026-03-01−3,009→ 3,009 total→ Ordinary Shares (3,009 underlying)
Holdings
- 1,160
Restricted Stock Units
[F4][F5]→ Ordinary Shares (1,160 underlying) - 3,633
Restricted Stock Units
[F4][F6]→ Ordinary Shares (3,633 underlying) - 3,633
Performance Stock Units
[F7][F9]→ Ordinary Shares (3,633 underlying)
Footnotes (9)
- [F1]A fractional share of Dividend Equivalent Units ("DEUs") on the Performance Stock Units ("PSUs") vesting was paid in cash .
- [F2]Each DEU represents a contingent right to receive one ordinary shares 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 PSUs to which they relate.
- [F3]Includes 248.0083 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 3/2/2023 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2026.
- [F6]The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The vestings will occur on each of 3/3/2026, 3/3/2027 and 3/3/2028.
- [F7]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F8]These 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 vestings will occur on 3/1/2026 and 3/1/2027.
- [F9]These PSUs were awarded on 3/3/2025 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2026, 3/2/2027 and 3/2/2028.
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Ziad Nabulsi|2026-03-03