Eduardo Bezerra - Dec 10, 2021 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Eduardo Guarita Bezerra
Stock symbol
FDP
Transactions as of
Dec 10, 2021
Transactions value $
$0
Form type
4
Date filed
12/14/2021, 07:00 PM
Previous filing
Sep 14, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 3.08K Dec 10, 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 +94 +31.44% $0.00 393 Dec 10, 2021 Ordinary Shares 94 Direct F1
holding FDP Restricted Stock Units 2K Dec 10, 2021 Ordinary Shares 2K Direct F2, F3
holding FDP Restricted Stock Units 1.73K Dec 10, 2021 Ordinary Shares 1.73K Direct F2, F4
holding FDP Restricted Stock Units 3.84K Dec 10, 2021 Ordinary Shares 3.84K Direct F2, F5
holding FDP Performance Stock Units 2.25K Dec 10, 2021 Ordinary Shares 2.25K Direct F6, F7
holding FDP Performance Stock Units 2.39K Dec 10, 2021 Ordinary Shares 2.39K Direct F6, F8
holding FDP Performance Stock Units 3.84K Dec 10, 2021 Ordinary Shares 3.84K Direct F6, F9
* 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 RSUs were awarded on 3/25/2019 and vest in five equal installments over four years. The remaining vestings will occur on 3/25/2022 and 3/25/23.
F4 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.
F5 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.
F6 The PSUs convert to Ordinary Shares on a one-for-one basis.
F7 The PSUs were awarded on 7/31/2019 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F8 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F9 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.