Jorge Pelaez Reyes - 02 Aug 2021 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
VP, Central America
Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Jorge Pelaez Reyes
Issuer symbol
FDP
Transactions as of
02 Aug 2021
Net transactions value
$0
Form type
4
Filing time
04 Aug 2021, 17:00:01 UTC
Previous filing
15 Jun 2021
Next filing
01 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +500 $0.000000 500 02 Aug 2021 Direct F1
transaction FDP Ordinary Shares Options Exercise $0 +22 +4.4% $0.000000 522 02 Aug 2021 Direct F2

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 Options Exercise $0 -22 -9.6% $0.000000 206 02 Aug 2021 Ordinary Shares 22 Direct F3, F4
transaction FDP Restricted Stock Units Options Exercise $0 -500 -100% $0.000000* 0 02 Aug 2021 Ordinary Shares 500 Direct F5, F6
holding FDP Restricted Stock Units 600 02 Aug 2021 Ordinary Shares 600 Direct F5, F7
holding FDP Restricted Stock Units 800 02 Aug 2021 Ordinary Shares 800 Direct F5, F8
holding FDP Restricted Stock Units 1,511 02 Aug 2021 Ordinary Shares 1,511 Direct F5, F9
holding FDP Restricted Stock Units 2,626 02 Aug 2021 Ordinary Shares 2,626 Direct F5, F10
holding FDP Performance Stock Units 3,000 02 Aug 2021 Ordinary Shares 3,000 Direct F11, F12
holding FDP Performance Stock Units 2,090 02 Aug 2021 Ordinary Shares 2,090 Direct F11, F13
holding FDP Performance Stock Units 2,626 02 Aug 2021 Ordinary Shares 2,626 Direct F11, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of final tranche which was awarded on 8/2/2017.
F2 Represents settlement of Dividend Equivalent Units ("DEUs") associated with the Restricted Stock Units ("RSUs") vested.
F3 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.
F4 A fractional share of DEUs on the RSUs vesting was paid in cash.
F5 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 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.
F7 RSUs were awarded on 2/21/18 and vested in five equal installments over four years. The remaining vesting of 600 shares will occur on 2/21/22.
F8 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.
F9 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.
F10 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.
F11 The PSUs convert to Ordinary Shares on a one-for-one basis.
F12 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.
F13 The PSUs were awarded on 3/2/2020 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.
F14 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 installments 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.