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

Role
SVP and CFO
Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Eduardo Guarita Bezerra
Stock symbol
FDP
Transactions as of
Mar 1, 2022
Transactions value $
-$11,716
Form type
4
Date filed
3/3/2022, 04:54 PM
Previous filing
Dec 14, 2021
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +576 +18.68% $0.00 3.66K Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1.28K +34.89% $0.00 4.94K Mar 1, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +37 +0.75% $0.00 4.97K Mar 1, 2022 Direct
transaction FDP Ordinary Shares Sale -$11.7K -447 -8.99% $26.21 4.53K Mar 1, 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 -37 -9.6% $0.00 348 Mar 1, 2022 Ordinary Shares 37 Direct F2, F3
transaction FDP Restricted Stock Units Options Exercise $0 -576 -33.31% $0.00 1.15K Mar 1, 2022 Ordinary Shares 576 Direct F4, F6
transaction FDP Restricted Stock Units Options Exercise $0 -1.28K -33.29% $0.00 2.56K Mar 1, 2022 Ordinary Shares 1.28K Direct F4, F7
transaction FDP Performance Stock Units Disposed to Issuer $0 -345 -8.99% $0.00 3.49K Mar 1, 2022 Ordinary Shares 345 Direct F8, F11, F12
holding FDP Restricted Stock Units 2K Mar 1, 2022 Ordinary Shares 2K Direct F4, F5
holding FDP Performance Stock Units 2.25K Mar 1, 2022 Ordinary Shares 2.25K Direct F8, F9
holding FDP Performance Stock Units 2.39K Mar 1, 2022 Ordinary Shares 2.39K 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 ("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 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 5.9162 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 3/25/2019 and vest in five equal installments over four years. The remaining vestings will occur on 3/25/2022 and 3/25/23.
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 7/31/2019 and subject to meeting minimum performance criteria which was met at 100%. Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. 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%, 345 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.