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

Role
SVP, General Counsel
Signature
/s/ Marlene Gordon
Issuer symbol
FDP
Transactions as of
01 Mar 2022
Net transactions value
-$14,284
Form type
4
Filing time
03 Mar 2022, 16:15:49 UTC
Previous filing
24 Feb 2022
Next filing
07 Mar 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 +601 +18% $0.000000 3,901 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1,655 +42% $0.000000 5,556 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +45 +0.81% $0.000000 5,601 01 Mar 2022 Direct
transaction FDP Ordinary Shares Sale $14,284 -545 -9.7% $26.21 5,056 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 -45 -12% $0.000000 338 01 Mar 2022 Ordinary Shares 45 Direct F2, F3
transaction FDP Restricted Stock Units Options Exercise $0 -601 -33% $0.000000 1,202 01 Mar 2022 Ordinary Shares 601 Direct F4, F7
transaction FDP Restricted Stock Units Options Exercise $0 -1,655 -33% $0.000000 3,317 01 Mar 2022 Ordinary Shares 1,655 Direct F4, F8
transaction FDP Performance Stock Units Disposed to Issuer $0 -447 -9% $0.000000 4,525 01 Mar 2022 Ordinary Shares 447 Direct F9, F12, F13
holding FDP Restricted Stock Units 400 01 Mar 2022 Ordinary Shares 400 Direct F4, F5
holding FDP Restricted Stock Units 400 01 Mar 2022 Ordinary Shares 400 Direct F4, F6
holding FDP Performance Stock Units 2,000 01 Mar 2022 Ordinary Shares 2,000 Direct F9, F10
holding FDP Performance Stock Units 2,495 01 Mar 2022 Ordinary Shares 2,495 Direct F9, F11
* 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 Restricted Stock Units vesting was paid in cash and 7.6656 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 6/25/18 and vested in five equal installments over four years. The remaining vesting of 400 shares will occur on 6/25/22.
F6 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.
F7 RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
F8 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.
F9 The PSUs convert to Ordinary Shares on a one-for-one basis.
F10 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.
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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F12 Since the performance criteria was met at 91%, 447 PSUs previously reported on Form 4 were cancelled.
F13 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 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.