Hans Sauter - Aug 2, 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
Aug 2, 2021
Transactions value $
-$3,007
Form type
4
Date filed
8/4/2021, 05:00 PM
Previous filing
Jun 15, 2021
Next filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +400 +8.5% $0.00 5.11K Aug 2, 2021 Direct F1
transaction FDP Ordinary Shares Options Exercise $0 +17 +0.33% $0.00 5.12K Aug 2, 2021 Direct F2
transaction FDP Ordinary Shares Sale -$3.01K -98 -1.91% $30.68 5.02K Aug 2, 2021 Direct F3

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 -17 -8.33% $0.00 187 Aug 2, 2021 Ordinary Shares 17 Direct F4, F5
transaction FDP Restricted Stock Units Options Exercise $0 -400 -100% $0.00* 0 Aug 2, 2021 Ordinary Shares 400 Direct F6, F7
holding FDP Restricted Stock Units 400 Aug 2, 2021 Ordinary Shares 400 Direct F6, F8
holding FDP Restricted Stock Units 800 Aug 2, 2021 Ordinary Shares 800 Direct F6, F9
holding FDP Restricted Stock Units 1.53K Aug 2, 2021 Ordinary Shares 1.53K Direct F6, F10
holding FDP Restricted Stock Units 3.4K Aug 2, 2021 Ordinary Shares 3.4K Direct F6, F11
holding FDP Performance Stock Units 2K Aug 2, 2021 Ordinary Shares 2K Direct F12, F13
holding FDP Performance Stock Units 2.12K Aug 2, 2021 Ordinary Shares 2.12K Direct F12, F14
holding FDP Performance Stock Units 3.4K Aug 2, 2021 Ordinary Shares 3.4K Direct F12, F15
* 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 Reflects shares sold for taxes payable upon the vesting of RSUs.
F4 Each 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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
F5 A fractional share of DEUs on the Restricted Stock Units vesting was paid in cash.
F6 The RSUs convert to Ordinary Shares on a one-for-one basis.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.
F12 The PSUs convert to Ordinary Shares on a one-for-one basis.
F13 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.
F14 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.
F15 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.