Mohammad Abu - Aug 25, 2021 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Mohammad Abu-Ghazaleh
Stock symbol
FDP
Transactions as of
Aug 25, 2021
Transactions value $
-$990,530
Form type
4
Date filed
8/27/2021, 05:09 PM
Previous filing
Jun 15, 2021
Next filing
Aug 31, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale -$349K -10.8K -0.16% $32.17 6.8M Aug 25, 2021 Direct F1
transaction FDP Ordinary Shares Sale -$642K -20K -0.29% $32.10 6.78M Aug 26, 2021 Direct F1
holding FDP Ordinary Shares 20K Aug 25, 2021 Held by Spouse

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
holding FDP Dividend Equivalent Units 2.83K Aug 25, 2021 Ordinary Shares 2.83K Direct F2
holding FDP Employee Stock Options (Right to Buy) 32.2K Aug 25, 2021 Ordinary Shares 32.2K $26.52 Direct F3
holding FDP Employee Stock Options (Right to Buy) 64.4K Aug 25, 2021 Ordinary Shares 64.4K $28.89 Direct F3
holding FDP Restricted Stock Unit 10K Aug 25, 2021 Ordinary Shares 10K Direct F4, F5
holding FDP Restricted Stock Unit 20K Aug 25, 2021 Ordinary Shares 20K Direct F4, F6
holding FDP Restricted Stock Units 30K Aug 25, 2021 Ordinary Shares 30K Direct F4, F7
holding FDP Restricted Stock Units 60.2K Aug 25, 2021 Ordinary Shares 60.2K Direct F4, F8
holding FDP Performance Stock Units 13.3K Aug 25, 2021 Ordinary Shares 13.3K Direct F9, F10
holding FDP Performance Stock Units 22.1K Aug 25, 2021 Ordinary Shares 22.1K Direct F9, F11
holding FDP Performance Stock Units 60.2K Aug 25, 2021 Ordinary Shares 60.2K Direct F9, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $32.00 to $32.33 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 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.
F3 Stock Options are fully vested.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The remaining vesting will occur on 2/21/22.
F6 RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vestings will occur on 2/20/22 and 2/20/23.
F7 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.
F8 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.
F9 The PSUs convert to Ordinary Shares on a one-for-one basis.
F10 The PSUs were subject to meeting minimum performance criteria set by the compensation Committee of the Board of Directors of FDP, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022.
F11 The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023.
F12 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.