Youssef Zakharia - Jan 31, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Marlene Gordon, Attorney-in-fact for Youssef Zakharia
Stock symbol
FDP
Transactions as of
Jan 31, 2022
Transactions value $
-$454,212
Form type
4
Date filed
2/2/2022, 06:24 PM
Previous filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +1.6K +8.49% $0.00 20.5K Jan 31, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +8K +39.11% $0.00 28.5K Jan 31, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +11.2K +39.22% $0.00 39.6K Jan 31, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +19.8K +50.01% $0.00 59.4K Jan 31, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1.01K +1.69% $0.00 60.4K Jan 31, 2022 Direct
transaction FDP Ordinary Shares Sale -$454K -16.5K -27.22% $27.61 44K Jan 31, 2022 Direct F1

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 -1.01K -17.55% $0.00 4.74K Jan 31, 2022 Ordinary Shares 1.01K Direct F2, F3
transaction FDP Dividend Equivalent Units Disposed to Issuer $0 -804 -16.98% $0.00 3.93K Jan 31, 2022 Ordinary Shares 804 Direct F2, F4
transaction FDP Restricted Stock Units Options Exercise $0 -1.6K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 1.6K Direct F5, F6
transaction FDP Restricted Stock Units Options Exercise $0 -8K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 8K Direct F5, F7
transaction FDP Restricted Stock Units Options Exercise $0 -11.2K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 11.2K Direct F5, F8
transaction FDP Restricted Stock Units Options Exercise $0 -19.8K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 19.8K Direct F5, F9
transaction FDP Performance Stock Units Disposed to Issuer $0 -5K -33.33% $0.00 10K Jan 31, 2022 Ordinary Shares 5K Direct F10, F17
transaction FDP Performance Stock Units Disposed to Issuer $0 -10.3K -66.67% $0.00 5.15K Jan 31, 2022 Ordinary Shares 10.3K Direct F10, F18
transaction FDP Performance Stock Units Disposed to Issuer $0 -19.8K -100% $0.00* 0 Jan 31, 2022 Ordinary Shares 19.8K Direct F10, F19
holding FDP Performance Stock Units 5K Jan 31, 2022 Ordinary Shares 5K Direct F10, F11
holding FDP Performance Stock Units 5K Jan 31, 2022 Ordinary Shares 5K Direct F10, F12
holding FDP Performance Stock Units 5K Jan 31, 2022 Ordinary Shares 5K Direct F10, F13
holding FDP Performance Stock Units 4.75K Jan 31, 2022 Ordinary Shares 4.75K Direct F10, F14
holding FDP Performance Stock Units 4K Jan 31, 2022 Ordinary Shares 4K Direct F10, F15
holding FDP Performance Stock Units 14.2K Jan 31, 2022 Ordinary Shares 14.2K Direct F10, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Youssef Zakharia is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
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 .6753 DEUs were deducted from the total due to fractional shares being paid in cash.
F4 These unvested DEUs are related to the forfeited PSUs that were also forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022. See footnotes 17, 18 and 19.
F5 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
F7 RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
F8 RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
F9 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vesting of the unvested RSUs was accelerated in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
F10 The PSUs convert to Ordinary Shares on a one-for-one basis.
F11 The PSUs were awarded 11/2/2011 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F12 The PSUs were awarded 2/20/2013 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F13 The PSUs were awarded 2/19/2014 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F14 The PSUs were awarded 2/18/2015 subject to meeting minimum performance criteria, which was met at 95%. The PSUs vest in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F15 The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F16 The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vest between 2/22/2018 and 2/22/2020, of which the last traunch vested on 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F17 The PSUs were awarded 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 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
F18 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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.
F19 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. The unvested portion of the PSUs were forfeited in connection with Mr. Zakharia's termination of employment from the Company, effective January 31, 2022.