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FRESH DEL MONTE PRODUCE INC·4

Mar 3, 5:25 PM ET

VICENTE MONICA 4

Research Summary

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Updated

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.