Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-30

Fresh Del Monte Produce (FDP)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$10,144,565
Mohammad Abu-Ghazaleh total, FY2025
42nd
CEO pay percentile vs peers
1,132:1
CEO-to-median pay ratio
96.34%
Say-on-pay support, latest vote
Companies that benchmark against FDP
3 companies name FDP as a compensation peer

Each company listed discloses FDP in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FDP in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mohammad Abu-Ghazaleh$1,200,068$0$4,295,978$0$4,601,700$0$46,818$10,144,565
Chairman and Chief Executive Officer
Mohammed Abbas850,0000764,9840732,857017,9032,365,745
President and Chief Operating Officer
Monica Vicente521,4590450,6000438,26303,9981,414,321
Senior Vice President and Chief Financial Officer
Marissa Tenazas486,6150414,9420354,42607,9121,263,895
Senior Vice President and Chief Human Resources Officer
Danny Dumas480,0000239,9800315,000011,7001,046,680
Senior Vice President North America Sales, Marketing & Product Management

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Mohammad Abu-Ghazaleh$10,144,565$8,857,945$4,449,489+1,286,620
Mohammed Abbas2,365,7452,325,1641,643,728+40,581
Monica Vicente1,414,3211,383,142738,659+31,179
Marissa Tenazas1,263,895788,527+475,368
Danny Dumas1,046,680

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Monica VicentePSU$450,600
Danny DumasPSU239,980
Mohammed AbbasPSU764,984
Marissa TenazasPSU414,942
Mohammad Abu-GhazalehPSU2024-03-014,295,978
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Monica Vicente$0$450,600$0100.0%
Danny Dumas0239,9800100.0%
Mohammed Abbas0764,9840100.0%
Marissa Tenazas0414,9420100.0%
Mohammad Abu-Ghazaleh04,295,9780100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mohammed AbbasPSU21,298$763,762
Marissa TenazasPSU5,247188,162
Mohammed AbbasPSU3,509125,833
Monica VicenteRSU1,41350,678
Abu-GhazalehPSU124,0534,448,545
Abu-GhazalehPSU79,7662,860,400
Abu-GhazalehRSU73,5172,636,337
Monica VicenteRSU7,711276,522
Marissa TenazasPSU7,101254,639
Danny DumasPSU4,107147,270
Marissa TenazasRSU7,101254,639
Mohammed AbbasPSU13,091469,452
Mohammed AbbasPSU2,26881,341
Monica VicentePSU14,505520,144
Mohammed AbbasRSU13,091469,452
Monica VicentePSU7,711276,522
Mohammed AbbasPSU4,857174,181
Mohammed AbbasPSU4,364156,497
Mohammed AbbasPSU4,361156,368
Danny DumasRSU4,107147,270
Mohammed AbbasRSU3,963142,120
Abu-GhazalehRSU8,392300,935
Danny DumasPSU1,84566,174
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation philosophy is focused on linking pay with performance. We seek to develop a compensation program that maintains a strong link between executive pay and successful execution of our strategy and long-term shareholder value creation.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantWillis Towers Watson (WTW)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0441,601,4221,580,59030,18396.34%Passed
20252025-06-0539,994,0631,629,523191,58696.09%Passed
20242024-06-0639,441,9442,210,18315,78894.69%Passed
20232023-05-0440,557,6083,327,53957,49992.42%Passed
20222022-06-0242,119,9441,948,59415,02295.58%Passed
20212021-05-0441,723,7902,598,28245,15494.14%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0496.34%a
20252025-06-0596.09%b
20242024-06-0694.69%c

a. Approved under the standard stated in the filing — “Proposal Vote Requirement Election of Directors Majority of the Votes Cast Ratification of Auditors Majority of the Votes Cast "Say on Pay" Majority of the Votes Cast Third Amended and Restated Memorandum of Association Two-thirds (66.2/3% of the Ordinary Shares) Abstentions will have no effect on the outcome of the vote for any of the Proposals under Cayman Islands law.”.

b. Approved under the standard stated in the filing — “Proposal Vote Requirement Election of Directors Majority of the Votes Cast Ratification of Auditors Majority of the Votes Cast "Say on Pay" Majority of the Votes Cast Abstentions will have no effect on the outcome of the vote for any of the Proposals under Cayman Islands law.”.

c. Approved under the standard stated in the filing — “Proposal Vote Requirement Election of Directors Majority of the Votes Cast Ratification of Auditors Majority of the Votes Cast "Say on Pay" Majority of the Votes Cast Abstentions will have no effect on the outcome of the vote for any of the Proposals under Cayman Islands law.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)1,132 : 1
CEO total compensation$10,144,565
Median employee compensation$8,960
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael J. BerthelotIndependent · Lead Independent Director · Compensation (Chair) · Audit$160,000$149,977$0$0$0$309,977
Mary Ann CloydIndependent · Audit (Chair) · Governance120,000149,977000269,977
Lori Tauber MarcusIndependent · Audit · Compensation112,500149,977000262,477
Charles Beard, JrIndependent · Governance (Chair) · Compensation112,500149,977000262,477
Ajai PuriIndependent · Audit · Governance110,000149,977000259,977
Amir Abu-GhazalehNot independent90,000149,977000239,977
Ahmad Abu-GhazalehNot independent90,000149,977000239,977
Mohammad Abu-GhazalehEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 25,000
Stock ownership guideline4x annual cash retainer ($360,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$795,000
Equity awards (grant-date value)$1,049,839
All other compensation$0
Total cost of the board$1,844,839

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Fresh Del Monte Produce names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Fresh Del Monte Produce.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Brown-Forman Corporation2026Lawson Whiting$1,314,365$10,772,703$2,366,434$2,493,150$25,304,882
2The Hershey Company2025Kirk Tanner456,73114,674,11301,358,05216,806,399
3Post Holdings, Inc.2025Robert Vitale1,281,25014,811,2950016,621,445
4Lamb Weston Holdings, Inc.2026Michael Smith1,000,0005,704,5577,379,9361,830,00016,004,614
5Ingredion Incorporated2025James Zallie1,290,9296,509,2371,999,9642,185,98012,932,234
6Campbell Soup Company2025Mark Clouse664,0158,932,7300859,14011,056,404
7The J.M. Smucker Company2026Mark Smucker1,221,1546,274,43802,143,12610,935,216
8McCormick & Company, Inc.2025Brendan Foley1,139,0848,600,1050720,13010,831,581
9Fresh Del Monte Produce2025Mohammad Abu-Ghazaleh1,200,0684,295,97804,601,70010,144,565
10Darling Ingredients, Inc.2025Randall Stuewe1,284,2316,681,03001,328,1129,402,554
11Flowers Foods, Inc.2025A. Ryals McMullian1,041,7305,735,8420733,5247,776,698
12Hormel Foods Corporation2025James Snee1,050,0002,000,0131,999,7701,453,0007,395,224
13The Hain Celestial Group, Inc.2025Wendy Davidson789,8083,530,682004,546,417
Treehouse Foods, Inc.not in coverage universe
Dole plcnot in coverage universe
B&G Foods, Inc.not in coverage universe
Mission Produce, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Fresh Del Monte Produce277.8%PSU 50 · RSU 50NoWillis Towers Watson (WTW)
B&G Foods, Inc.not disclosednot disclosednot disclosednot disclosed
Brown-Forman Corporationnot disclosedPSU 67 · Options 33Yes — Three-year TSRCompensation Advisory Partners
Campbell Soup Company74%PSU 60 · RSU 40Yes — TSR performanceFW Cook
Darling Ingredients, Inc.70%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Dole plcnot disclosednot disclosednot disclosednot disclosed
Flowers Foods, Inc.56.3%PSU 70 · RSU 30Yes — TSR vs. Peer GroupMeridian
Hormel Foods Corporation66%PSU 50 · Options 25 · RSU 25Yes — Relative TSRPearl Meyer
Ingredion Incorporated112.5%PSU 50 · RSU 25 · Options 25Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
Lamb Weston Holdings, Inc.122%RSU 40 · PSU 30 · Options 30Yes — Relative TSRF.W. Cook
McCormick & Company, Inc.40.4%PSU 50 · RSU 50Yes — McCormick's TSR relative to the TSR generated by our Peer Group companiesWTW (Willis Towers Watson)
Mission Produce, Inc.not disclosednot disclosednot disclosednot disclosed
Post Holdings, Inc.124.4%PRSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)Aon
The Hain Celestial Group, Inc.not disclosedRSU 50 · PSU 50Yes — Relative TSR versus the S&P Food & Beverage Select Industry IndexClearBridge Compensation Group, LLC
The Hershey Company165.19%PSU 65 · RSU 35NoFrederic W. Cook & Co., Inc.
The J.M. Smucker Company117%PSU 60 · RSU 40NoSemler Brossy
Treehouse Foods, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Mohammad Abu-GhazalehDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table”. As printed: 10,144,565. Filing ↗machine: r5 · c25 · span 1802544–1802554
2Section 01, Mohammed AbbasDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table”. As printed: 2,365,745. Filing ↗machine: r15 · c25 · span 1891123–1891132
3Section 01, Monica VicenteDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table”. As printed: 1,414,321. Filing ↗machine: r10 · c25 · span 1846843–1846852
4Section 01, Marissa TenazasDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table”. As printed: 1,263,895. Filing ↗machine: r21 · c25 · span 1943191–1943200
5Section 01, Danny DumasDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table”. As printed: 1,046,680. Filing ↗machine: r25 · c25 · span 1977910–1977919
6Section 03, Monica Vicente PSUDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t118 · r10 · c10 · span 1841781–1841788
7Section 03, Danny Dumas PSUDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t118 · r25 · c10 · span 1972847–1972854
8Section 03, Mohammed Abbas PSUDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t118 · r15 · c10 · span 1886060–1886067
9Section 03, Marissa Tenazas PSUDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t118 · r21 · c10 · span 1938129–1938136
10Section 03, Mohammad Abu-Ghazaleh PSUDEF 14A2026-04-240001193125-26-175837Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t118 · r5 · c10 · span 1797477–1797486
11Section 07, pay ratioDEF 14A2026-04-240001193125-26-175837Section “CEO Pay Ratio”. As printed: 1132 : 1. Filing ↗
12Section 08, Michael J. BerthelotDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 309,977. Filing ↗machine: t64 · r6 · c16 · span 946980–946987
13Section 08, Mary Ann CloydDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 269,977. Filing ↗machine: t64 · r7 · c16 · span 953640–953647
14Section 08, Lori Tauber MarcusDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 262,477. Filing ↗machine: t64 · r9 · c16 · span 967552–967559
15Section 08, Charles Beard, JrDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 262,477. Filing ↗machine: t64 · r5 · c16 · span 940314–940321
16Section 08, Ajai PuriDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 259,977. Filing ↗machine: t64 · r8 · c16 · span 960294–960301
17Section 08, Amir Abu-GhazalehDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 239,977. Filing ↗machine: t64 · r4 · c16 · span 933650–933657
18Section 08, Ahmad Abu-GhazalehDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 239,977. Filing ↗machine: t64 · r3 · c16 · span 926988–926995
19Section 08, Mohammad Abu-GhazalehDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 0. Filing ↗
20Section 06, 2026 voteForm 8-K2026-06-040001047340-26-000028Item 5.07 · say-on-pay result. As reported: 96.34% (votes for as printed: 41,601,422). Filing ↗
21Section 06, 2025 voteForm 8-K2025-06-090001047340-25-000094Item 5.07 · say-on-pay result. As reported: 96.09% (votes for as printed: 39,994,063). Filing ↗
22Section 06, 2024 voteForm 8-K2024-06-060001047340-24-000161Item 5.07 · say-on-pay result. As reported: 94.69% (votes for as printed: 39,441,944). Filing ↗
23Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)ComputedcomputedCash 795,000 + equity 1,049,839 + all other 0 = 1,844,839, summed across the director compensation table rows.machine: formula: Σ = 1,844,839
26Brown-Forman Corporation, Section 10b CEO totalDEF 14A2026-06-180001193125-26-275853CEO total compensation as printed in Brown-Forman Corporation's own proxy. As printed: 25,304,882. Filing ↗machine: t132 · r4 · c35 · span 757502–757512
27The Hershey Company, Section 10b CEO totalDEF 14A2026-03-250001628280-26-021065CEO total compensation as printed in The Hershey Company's own proxy. As printed: 16,806,399. Filing ↗machine: t70 · r3 · c16 · span 1119047–1119057
28Post Holdings, Inc., Section 10b CEO totalDEF 14A2025-12-150001530950-25-000284CEO total compensation as printed in Post Holdings, Inc.'s own proxy. As printed: 16,621,445. Filing ↗machine: r2 · c54 · span 657892–657902
29Lamb Weston Holdings, Inc., Section 10b CEO totalDEF 14A2026-07-300001679273-26-000036CEO total compensation as printed in Lamb Weston Holdings, Inc.'s own proxy. As printed: 16,004,614. Filing ↗machine: r2 · c54 · span 960382–960392
30Ingredion Incorporated, Section 10b CEO totalDEF 14A2026-04-080001046257-26-000151CEO total compensation as printed in Ingredion Incorporated's own proxy. As printed: 12,932,234. Filing ↗machine: r2 · c17 · span 1721497–1721507
31Campbell Soup Company, Section 10b CEO totalDEF 14A2025-10-080001308179-25-000618CEO total compensation as printed in Campbell Soup Company's own proxy. As printed: 11,056,404. Filing ↗machine: span 1065685–1065695
32The J.M. Smucker Company, Section 10b CEO totalDEF 14A2026-06-260001193125-26-283858CEO total compensation as printed in The J.M. Smucker Company's own proxy. As printed: 10,935,216. Filing ↗machine: t332 · r5 · c44 · span 1104985–1104995
33McCormick & Company, Inc., Section 10b CEO totalDEF 14A2026-02-180000063754-26-000140CEO total compensation as printed in McCormick & Company, Inc.'s own proxy. As printed: 10,831,581. Filing ↗machine: r2 · c24 · span 970218–970228
34Fresh Del Monte Produce (subject), Section 10b CEO totalDEF 14A2026-04-240001193125-26-175837CEO total compensation as printed in Fresh Del Monte Produce's own proxy. As printed: 10,144,565. Filing ↗machine: r5 · c25 · span 1802544–1802554
35Darling Ingredients, Inc., Section 10b CEO totalDEF 14A2026-03-190001193125-26-116042CEO total compensation as printed in Darling Ingredients, Inc.'s own proxy. As printed: 9,402,554. Filing ↗machine: t222 · r3 · c27 · span 972629–972638
36Flowers Foods, Inc., Section 10b CEO totalDEF 14A2026-04-140001104659-26-043025CEO total compensation as printed in Flowers Foods, Inc.'s own proxy. As printed: 7,776,698. Filing ↗machine: r1 · c48 · span 1362376–1362385
37Hormel Foods Corporation, Section 10b CEO totalDEF 14A2025-12-170000048465-25-000074CEO total compensation as printed in Hormel Foods Corporation's own proxy. As printed: 7,395,224. Filing ↗machine: r5 · c27 · span 586269–586278
38The Hain Celestial Group, Inc., Section 10b CEO totalDEF 14A2025-09-180001193125-25-207370CEO total compensation as printed in The Hain Celestial Group, Inc.'s own proxy. As printed: 4,546,417. Filing ↗machine: t83 · r14 · c38 · span 1813238–1813247
39Section 10a, The Hain Celestial Group, Inc. reciprocityDEF 14A0001193125-25-207370The Hain Celestial Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
40Section 10a, Hormel Foods Corporation reciprocityDEF 14A0000048465-25-000074Hormel Foods Corporation names Fresh Del Monte Produce in its own disclosed peer group (read from its most recent proxy). Filing ↗
41Section 10a, Campbell Soup Company reciprocityDEF 14A0001308179-25-000618Campbell Soup Company's most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
42Section 10a, Brown-Forman Corporation reciprocityDEF 14A0001193125-26-275853Brown-Forman Corporation's most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
43Section 10a, Flowers Foods, Inc. reciprocityDEF 14A0001104659-24-045106Flowers Foods, Inc.'s most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
44Section 10a, The Hershey Company reciprocityDEF 14A0001628280-26-021065The Hershey Company's most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
45Section 10a, The J.M. Smucker Company reciprocityDEF 14A0001193125-26-283858The J.M. Smucker Company's most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
46Section 10a, Lamb Weston Holdings, Inc. reciprocityDEF 14A0001679273-26-000036Lamb Weston Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
47Section 10a, McCormick & Company, Inc. reciprocityDEF 14A0000063754-26-000140McCormick & Company, Inc.'s most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗
48Section 10a, Post Holdings, Inc. reciprocityDEF 14A0001530950-25-000284Post Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Fresh Del Monte Produce. Filing ↗