Helmuth Lutty - 01 Mar 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, Network Shipping & Ops
Signature
/s/ Marlene Gordon, Attorney-in-fact for Helmuth Lutty
Issuer symbol
FDP
Transactions as of
01 Mar 2022
Net transactions value
-$11,689
Form type
4
Filing time
03 Mar 2022, 16:13:21 UTC
Previous filing
24 Feb 2022
Next filing
05 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +525 +9% $0.000000 6,369 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1,164 +18% $0.000000 7,533 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +34 +0.45% $0.000000 7,567 01 Mar 2022 Direct
transaction FDP Ordinary Shares Sale $11,689 -408 -5.4% $28.65 7,159 01 Mar 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 -34 -11% $0.000000 268 01 Mar 2022 Ordinary Shares 34 Direct F2, F3
transaction FDP Restricted Stock Units Options Exercise $0 -525 -33% $0.000000 1,050 01 Mar 2022 Ordinary Shares 525 Direct F4, F6
transaction FDP Restricted Stock Units Options Exercise $0 -1,164 -33% $0.000000 2,332 01 Mar 2022 Ordinary Shares 1,164 Direct F4, F7
transaction FDP Performance Stock Units Disposed to Issuer $0 -314 -9% $0.000000 3,182 01 Mar 2022 Ordinary Shares 314 Direct F8, F11, F12
holding FDP Restricted Stock Units 400 01 Mar 2022 Ordinary Shares 400 Direct F4, F5
holding FDP Performance Stock Units 2,000 01 Mar 2022 Ordinary Shares 2,000 Direct F8, F9
holding FDP Performance Stock Units 2,179 01 Mar 2022 Ordinary Shares 2,179 Direct F8, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 ("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.
F3 A fractional share of DEUs on the RSUs vesting was paid in cash and 5.3846 DEUs were cancelled since performance criteria on underlying PSUs were met at 91%.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 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 2/20/2023.
F6 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.
F7 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 3/1/2023 and 3/1/2024.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 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 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F10 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.
F11 Since the performance criteria was met at 91%, 314 PSUs previously reported on Form 4 were cancelled.
F12 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.