SILVA EFFIE D 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Fresh Del Monte (FDP) SVP Effie Silva Sells 1,365 Shares
What Happened
- Effie D. Silva, Senior Vice President, General Counsel & Secretary of Fresh Del Monte Produce (FDP), converted/ exercised derivative awards into ordinary shares (zero exercise price entries) and subsequently sold 1,365 shares in the open market on 2026-03-02 at $42.88 each, generating $58,531. The filings show multiple conversion/exercise entries on 2026-03-01 for shares acquired at $0.00 and corresponding derivative disposition entries tied to those conversions.
Key Details
- Transaction dates and prices:
- 2026-03-01: conversion/exercise of derivatives (M) — 5,189 shares and 387 (and 387.062) shares reported as acquired at $0.00.
- 2026-03-02: open-market sale — 1,365 shares at $42.88, proceeds $58,531.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Notable footnotes from the filing:
- Some converted awards are RSUs/PSUs that convert one-for-one to ordinary shares and vest on scheduled dates (examples: RSUs awarded 3/2/2023 vesting remaining 3/2/2026; PSUs awarded 3/3/2025 vesting in installments beginning 3/2/2026; PSUs from 3/1/2024 met performance at 100% with remaining vestings in 2026–2027).
- Fractional Dividend Equivalent Units (DEUs) and dividend reinvestment credits were noted (small fractional shares paid in cash or added via DRIP).
- Derivative code M indicates exercise/conversion; F codes show tax/vesting/dividend details (see filing footnotes).
- Filing timeliness: Report filed 2026-03-03 for transactions on 3/1–3/2/2026 — appears timely under Form 4 rules.
Context
- The filing reflects vesting/conversion of company equity awards (typical for RSUs/PSUs) followed by an open-market sale of a portion of the resulting shares. Conversions reported at $0.00 are consistent with vested restricted/performance units converting to common stock rather than a cash option purchase. Sales of vested shares are common for tax withholding or diversification and do not by themselves indicate the insider’s broader view of the company.
Insider Transaction Report
Form 4
SILVA EFFIE D
SVP, General Counsel & Secy
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-01+5,189→ 11,241.132 total - Exercise/Conversion
Ordinary Shares
[F2]2026-03-01+387→ 11,628.132 total - Sale
Ordinary Shares
2026-03-02$42.88/sh−1,365$58,531→ 10,263.132 total - Exercise/Conversion
Dividend Equivalent Units
[F3][F2][F4]2026-03-01−387.062→ 953.576 total→ Ordinary Shares (387.062 underlying) - Exercise/Conversion
Performance Stock Units
[F8][F9]2026-03-01−5,189→ 5,189 total→ Ordinary Shares (5,189 underlying)
Holdings
- 1,045
Restricted Stock Units
[F5][F6]→ Ordinary Shares (1,045 underlying) - 6,328
Restricted Stock Units
[F5][F7]→ Ordinary Shares (6,328 underlying) - 6,328
Performance Stock Units
[F8][F10]→ Ordinary Shares (6,328 underlying)
Footnotes (10)
- [F1]Includes 0.0092 shares acquired through a dividend reinvestment plan.
- [F10]The 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, 3/3/2027 and 3/3/2028.
- [F2]A fractional share of Dividend Equivalent Units ("DEUs") on the vesting Performance Stock Units ("PSUs") was paid in cash.
- [F3]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.
- [F4]Includes 203.6827 shares acquired through a dividend reinvestment plan.
- [F5]The RSUs convert to Ordinary Shares on a one-for-one basis.
- [F6]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.
- [F7]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.
- [F8]The PSUs convert to Ordinary Shares on a one-for-one basis.
- [F9]The PSUs were awarded on 3/1/2024 and 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.
Signature
/s/ Effie D. Silva|2026-03-03