Ghazaleh Mohammad Abu - 01 Mar 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Mohammad Abu-Ghazaleh
Issuer symbol
FDP
Transactions as of
01 Mar 2022
Net transactions value
$0
Form type
4
Filing time
03 Mar 2022, 16:19:18 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 +10,000 +0.15% $0.000000 6,757,029 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +11,066 +0.16% $0.000000 6,768,095 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +20,052 +0.3% $0.000000 6,788,147 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +18,248 +0.27% $0.000000 6,806,395 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1,262 +0.02% $0.000000 6,807,657 01 Mar 2022 Direct
holding FDP Ordinary Shares 20,000 01 Mar 2022 Held by Spouse

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 -1,262 -33% $0.000000 2,547 01 Mar 2022 Ordinary Shares 1,262 Direct F1, F2
transaction FDP Restricted Stock Units Options Exercise $0 -10,000 -33% $0.000000 20,000 01 Mar 2022 Ordinary Shares 10,000 Direct F4, F6
transaction FDP Restricted Stock Units Options Exercise $0 -20,052 -33% $0.000000 40,165 01 Mar 2022 Ordinary Shares 20,052 Direct F4, F7
transaction FDP Performance Stock Units Options Exercise $0 -11,066 -50% $0.000000 11,068 01 Mar 2022 Ordinary Shares 11,066 Direct F8, F9
transaction FDP Performance Stock Units Disposed to Issuer $0 -5,418 -9% $0.000000 54,798 01 Mar 2022 Ordinary Shares 5,418 Direct F8, F10, F11
transaction FDP Performance Stock Units Options Exercise $0 -18,248 -33% $0.000000 36,550 01 Mar 2022 Ordinary Shares 18,248 Direct F8, F11
holding FDP Employee Stock Options (Right to Buy) 32,200 01 Mar 2022 Ordinary Shares 32,200 $26.52 Direct F3
holding FDP Employee Stock Options (Right to Buy) 64,400 01 Mar 2022 Ordinary Shares 64,400 $28.89 Direct F3
holding FDP Restricted Stock Unit 10,000 01 Mar 2022 Ordinary Shares 10,000 Direct F4, F5
* 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 and PSUs vesting was paid in cash and 92.9287 DEUs were cancelled since performance criteria on underlying PSUs were met at 91%.
F3 Stock Options are fully vested.
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 will occur on 2/20/23.
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 remaining vestings will occur on 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 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.
F10 Since the performance criteria was met at 91%, 5418.5 PSUs previously reported on Form 4 were cancelled.
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.