Fresh Del Monte (NYSE: FDP) SVP sells 7,395 shares, retains awards
Rhea-AI Filing Summary
Fresh Del Monte Produce senior vice president of North American operations Ziad Nabulsi reported an open-market sale of 7,395 Ordinary Shares on March 6, 2026 at a weighted average price of $42.01 per share. After the sale, he directly holds 8,397 Ordinary Shares.
He also holds equity awards tied to Ordinary Shares, including Dividend Equivalent Units, Restricted Stock Units and Performance Stock Units, each convertible on a one-for-one basis into Ordinary Shares and subject to multi-year vesting and, for PSUs, performance conditions that have been met or must be met.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 7,395 | $42.01 | $311K |
| holding | Dividend Equivalent Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Footnotes (1)
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $42.00 to $42.07 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Each Dividend Equivalent Unit ("DEU") represents a contingent right to received one Ordinary Share of FDP. DEUs are subject to the same restrictions and vesting conditions as the underlying Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate. The RSUs convert to Ordinary Shares on a one-for-one basis. The RSUs were awarded on 3/3/2025 and vest in three equal installments over three years. The remaining vestings will occur on 3/3/2027 and 3/3/2028. The RSUs were awarded on 3/2/2026 and vested in three equal installments over three years. The vestings will occur on each 3/2/2027, 3/2/2028 and 3/2/2029. The PSUs convert to Ordinary Shares on a one-for-one basis. 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 vesting will occur on 3/1/2027. The PSUs were awarded on 3/2/2025 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 3/2/2027 and 3/2/2028. The PSUs were awarded on 3/2/2026 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments. The vestings will occur on 3/2/2027, 3/2/2028 and 3/2/2029.
FAQ
What insider transaction did FDP executive Ziad Nabulsi report?
He reported an open-market sale of 7,395 Ordinary Shares of Fresh Del Monte Produce on March 6, 2026 at a weighted average price of $42.01 per share, according to the Form 4 insider filing.
What is Ziad Nabulsi’s role at Fresh Del Monte Produce (FDP)?
Ziad Nabulsi is an officer of Fresh Del Monte Produce, serving as Senior Vice President, North American Operations. His Form 4 filing reflects transactions and equity holdings related to the company’s Ordinary Shares and associated equity awards.
How do Ziad Nabulsi’s Restricted Stock Units in FDP vest?
Footnotes state certain RSU grants vest in three equal annual installments on specific dates in 2027, 2028, and 2029. Once vested, each RSU converts into one Fresh Del Monte Ordinary Share, enhancing his equity exposure.
What performance conditions apply to Ziad Nabulsi’s FDP Performance Stock Units?
The Performance Stock Units are earned upon meeting minimum performance criteria. Footnotes note some PSU awards have already met these criteria at 100% and vest in three annual installments, with remaining vesting dates in 2027, 2028, and 2029.