Fresh Del Monte (NYSE: FDP) SVP sells 5,894 shares, retains equity units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fresh Del Monte Produce senior vice president, general counsel and secretary Effie D. Silva reported an open-market sale of 5,894 Ordinary Shares at $41.94 per share. After this transaction, she directly holds 8,536.1318 Ordinary Shares.
She also holds equity-based awards that convert one-for-one into Ordinary Shares, including Dividend Equivalent Units tied to 691.0531 underlying shares, as well as multiple Restricted Stock Units and Performance Stock Units. The footnotes state these units vest in equal annual installments through dates ranging from 2027 to 2029, subject in some cases to performance criteria that have been met at 100%.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,894 shares ($247,194)
Net Sell
7 txns
Insider
SILVA EFFIE D
Role
SVP, General Counsel & Secy
Sold
5,894 shs ($247K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Ordinary Shares | 5,894 | $41.94 | $247K |
| holding | Dividend Equivalent Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 8,536.132 shares (Direct);
Dividend Equivalent Units — 691.053 shares (Direct);
Restricted Stock Units — 4,219 shares (Direct);
Performance Stock Units — 5,189 shares (Direct)
Footnotes (1)
- Each Dividend Equivalent Unit ("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 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 vest in three equal installments over three years. The vestings will occur on 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 3/3/2025 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 3/3/2027 and 3/3/2028. 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 on each of 3/2/2027, 3/2/2028 and 3/2/2029.
FAQ
What insider transaction did FDP executive Effie D. Silva report?
Effie D. Silva reported selling 5,894 Ordinary Shares at $41.94 each. The transaction was an open-market sale, and she continues to hold additional Ordinary Shares plus various unvested equity awards that may convert into shares over future vesting dates.
What Dividend Equivalent Units does Effie D. Silva hold at Fresh Del Monte (FDP)?
She holds Dividend Equivalent Units tied to 691.0531 underlying Ordinary Shares. Each unit represents a contingent right to receive one share and follows the same vesting and performance conditions as the related Restricted Stock Units and Performance Stock Units described in the filing.
What performance conditions apply to Effie D. Silva’s FDP Performance Stock Units?
Some Performance Stock Units were earned after minimum performance criteria were met at 100%. These PSUs then vest in three equal annual installments, with remaining vesting dates including March 1, 2027 and March 3 of 2027 and 2028, as disclosed.