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FRESH DEL MONTE PRODUCE INC·4

Mar 3, 5:25 PM ET

SILVA EFFIE D 4

Research Summary

AI-generated summary

Updated

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.