Hans Sauter - Jun 11, 2021 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, R&D and Agriculture
Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Hans Sauter
Stock symbol
FDP
Transactions as of
Jun 11, 2021
Transactions value $
$0
Form type
4
Date filed
6/15/2021, 08:36 PM
Next filing
Aug 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 4.71K Jun 11, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FDP Dividend Equivalent Units Award $0 +40.8 +24.86% $0.00 205 Jun 11, 2021 Ordinary Shares 40.8 Direct F1
holding FDP Restricted Stock Units 400 Jun 11, 2021 Ordinary Shares 400 Direct F2, F3
holding FDP Restricted Stock Units 400 Jun 11, 2021 Ordinary Shares 400 Direct F2, F4
holding FDP Restricted Stock Units 800 Jun 11, 2021 Ordinary Shares 800 Direct F2, F5
holding FDP Restricted Stock Units 1.53K Jun 11, 2021 Ordinary Shares 1.53K Direct F2, F6
holding FDP Restricted Stock Units 3.4K Jun 11, 2021 Ordinary Shares 3.4K Direct F2, F7
holding FDP Performance Stock Units 2K Jun 11, 2021 Ordinary Shares 2K Direct F8, F9
holding FDP Performance Stock Units 2.12K Jun 11, 2021 Ordinary Shares 2.12K Direct F8, F10
holding FDP Performance Stock Units 3.4K Jun 11, 2021 Ordinary Shares 3.4K Direct F8, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Dividend Equivalent Unit ("DEUs") represent 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.
F2 The RSUs convert to Ordinary Shares on a one-for-one basis.
F3 The RSUs were awarded on 8/2/2017 and vest in five equal annual installments over four years of which one is remaining on 8/2/2021.
F4 RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The remaining vesting of 400 shares will occur on 2/21/22.
F5 RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vestings of 400 shares will occur on 2/20/22 and 2/20/23.
F6 RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2022, 3/1/2023 and 3/1/2024.
F7 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 3/1/2022, 3/1/2023 and 3/1/2024.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2021. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F10 The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria which was met at 83%. The PSUs vest in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F11 The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installment on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.