Gianpaolo Renino - Mar 1, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
V.P. Europe and Africa
Signature
/s/ Marlene Gordon, Attorney-in-fact for Gianpaolo Renino
Stock symbol
FDP
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 04:11 PM
Previous filing
Feb 24, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +388 +5.59% $0.00 7.33K Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1K +13.69% $0.00 8.33K Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +28 +0.34% $0.00 8.36K Mar 1, 2022 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 Options Exercise $0 -28 -5.18% $0.00 512 Mar 1, 2022 Ordinary Shares 28 Direct F1, F2
transaction FDP Restricted Stock Units Options Exercise $0 -388 -33.3% $0.00 777 Mar 1, 2022 Ordinary Shares 388 Direct F3, F5
transaction FDP Restricted Stock Units Options Exercise $0 -1K -33.29% $0.00 2.01K Mar 1, 2022 Ordinary Shares 1K Direct F3, F6
transaction FDP Performance Stock Units Disposed to Issuer $0 -271 -8.99% $0.00 2.74K Mar 1, 2022 Ordinary Shares 271 Direct F7, F11
holding FDP Restricted Stock Unit 400 Mar 1, 2022 Ordinary Shares 400 Direct F3, F4
holding FDP Performance Stock Units 3.55K Mar 1, 2022 Ordinary Shares 3.55K Direct F7, F8
holding FDP Performance Stock Units 3K Mar 1, 2022 Ordinary Shares 3K Direct F7, F9
holding FDP Performance Stock Units 1.61K Mar 1, 2022 Ordinary Shares 1.61K Direct F7, F10
* 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 A fractional share of DEUs on the RSUs vesting was paid in cash and 4.6477 DEUs were cancelled since performance criteria on underlying PSUs were met at 91%.
F3 The RSUs convert to Ordinary Shares on a one-for-one basis.
F4 RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vesting of 400 shares will occur on 2/20/23.
F5 RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
F6 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
F7 The PSUs convert to Ordinary Shares on a one-for-one basis.
F8 The PSUs were awarded on 2/22/2017 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vest in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/20/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F9 The PSUs were awarded on 2/20/2019 and 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.
F10 The PSUs were awarded on 3/2/2020 and 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.
F11 The PSUs were awarded on 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. 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.