VICENTE MONICA 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Fresh Del Monte (FDP) CFO Vicente Monica Sells 1,775 Shares
What Happened
Vicente Monica, Chief Financial Officer of Fresh Del Monte Produce (FDP), converted vested equity awards into ordinary shares and then sold 1,775 shares in the open market. The open-market sale occurred on 2026-03-02 at $42.88 per share for proceeds of $76,112. The Form 4 shows conversion/exercise (derivative M) entries on 2026-03-01 for roughly 7,252 vested units (zero purchase price) with matching derivative disposition entries; a fractional DEU was paid in cash.
Key Details
- Transaction dates and prices:
- 2026-03-01: Exercise/conversion of derivative (M) — 6,749 shares acquired @ $0.00
- 2026-03-01: Exercise/conversion of derivative (M) — 503 shares acquired @ $0.00
- 2026-03-01: Matching derivative disposition entries for 6,749 and 503.426 shares (zero price) — recorded as derivative dispositions
- 2026-03-02: Open-market sale (S) — 1,775 shares @ $42.88, proceeds $76,112
- Filing: Form 4 filed 2026-03-03 covering the 3/1–3/2 transactions (no late filing indicated in the report).
- Shares owned after the transactions: not specified in the provided data.
- Notable footnotes:
- Fractional share of Dividend Equivalent Units (DEUs) on PSUs was paid in cash (F1).
- DEUs and equity awards convert one-for-one to ordinary shares (F2, F4, F7).
- 1,089.82 DEUs were acquired via dividend reinvestment (F3).
- Vesting/award background: RSUs and PSUs cited with multi-year vesting schedules and performance conditions (see F5–F9); PSUs awarded 3/1/2024 met the 100% performance threshold (F8).
Context
The filing shows conversion/settlement of vested RSUs/PSUs/DEUs into ordinary shares at no cash cost, followed by an open-market sale of a portion of those shares. The matching derivative disposition entries commonly reflect shares surrendered on conversion (often to satisfy tax withholding), while the separate 1,775-share sale generated the reported cash proceeds of ~$76k. These are routine insider equity transactions and do not, by themselves, indicate the insider’s view of the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Ordinary Shares
2026-03-01+6,749→ 17,557 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-01+503→ 18,060 total - Sale
Ordinary Shares
2026-03-02$42.88/sh−1,775$76,112→ 16,285 total - Exercise/Conversion
Dividend Equivalent Units
[F2][F3]2026-03-01−503.426→ 1,174.931 total→ Ordinary Shares (503.426 underlying) - Exercise/Conversion
Performance Stock Units
[F7][F8]2026-03-01−6,749→ 6,749 total→ Ordinary Shares (6,749 underlying)
- 1,278
Restricted Stock Units
[F4][F5]→ Ordinary Shares (1,278 underlying) - 7,443
Restricted Stock Units
[F4][F6]→ Ordinary Share (7,443 underlying) - 7,443
Performance Stock Units
[F7][F9]→ Ordinary Shares (7,443 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 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 PSUs to which they relate.
- [F3]Includes 1,089.82 DEUs were acquired through a dividend reinvestment plan.
- [F4]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F5]These 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]These RSUs were awarded on 3/3/2025 and vested 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]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 vestings will occur on 3/1/2026 and 3/1/2027.
- [F9]The PSUs were awarded on 3/2/2025 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/3/2026, 3/3/2027 and 3/3/2028.