Nabulsi Ziad 4

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.