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

Role
VP, Central America
Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Jorge Pelaez Reyes
Stock symbol
FDP
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2022, 04:48 PM
Previous filing
Feb 24, 2022
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +503 +48.27% $0.00 1.55K Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +874 +56.57% $0.00 2.42K Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +28 +1.16% $0.00 2.45K 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 -9.26% $0.00 274 Mar 1, 2022 Ordinary Shares 28 Direct F1, F2
transaction FDP Restricted Stock Units Options Exercise $0 -503 -33.29% $0.00 1.01K Mar 1, 2022 Ordinary Shares 503 Direct F3, F5
transaction FDP Restricted Stock Units Options Exercise $0 -874 -33.28% $0.00 1.75K Mar 1, 2022 Ordinary Shares 874 Direct F3, F6
transaction FDP Performance Stock Units Disposed to Issuer $0 -236 -8.99% $0.00 2.39K Mar 1, 2022 Ordinary Shares 236 Direct F7, F10, F11
holding FDP Restricted Stock Units 400 Mar 1, 2022 Ordinary Shares 400 Direct F3, F4
holding FDP Performance Stock Units 3K Mar 1, 2022 Ordinary Shares 3K Direct F7, F8
holding FDP Performance Stock Units 2.09K Mar 1, 2022 Ordinary Shares 2.09K Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 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 4.0462 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 2/20/2019 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.
F9 The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria which was met at 83%. 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.
F10 Since the performance criteria was met at 91%, 236 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.