Mohammad Abu - Mar 1, 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
Stock symbol
FDP
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 04:19 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 +10K +0.15% $0.00 6.76M Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +11.1K +0.16% $0.00 6.77M Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +20.1K +0.3% $0.00 6.79M Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +18.2K +0.27% $0.00 6.81M Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1.26K +0.02% $0.00 6.81M Mar 1, 2022 Direct
holding FDP Ordinary Shares 20K Mar 1, 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 -1.26K -33.13% $0.00 2.55K Mar 1, 2022 Ordinary Shares 1.26K Direct F1, F2
transaction FDP Restricted Stock Units Options Exercise $0 -10K -33.33% $0.00 20K Mar 1, 2022 Ordinary Shares 10K Direct F4, F6
transaction FDP Restricted Stock Units Options Exercise $0 -20.1K -33.3% $0.00 40.2K Mar 1, 2022 Ordinary Shares 20.1K Direct F4, F7
transaction FDP Performance Stock Units Options Exercise $0 -11.1K -50% $0.00 11.1K Mar 1, 2022 Ordinary Shares 11.1K Direct F8, F9
transaction FDP Performance Stock Units Disposed to Issuer $0 -5.42K -9% $0.00 54.8K Mar 1, 2022 Ordinary Shares 5.42K Direct F8, F10, F11
transaction FDP Performance Stock Units Options Exercise $0 -18.2K -33.3% $0.00 36.6K Mar 1, 2022 Ordinary Shares 18.2K Direct F8, F11
holding FDP Employee Stock Options (Right to Buy) 32.2K Mar 1, 2022 Ordinary Shares 32.2K $26.52 Direct F3
holding FDP Employee Stock Options (Right to Buy) 64.4K Mar 1, 2022 Ordinary Shares 64.4K $28.89 Direct F3
holding FDP Restricted Stock Unit 10K Mar 1, 2022 Ordinary Shares 10K 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.