Mr. Eduardo Bezerra - 01 Mar 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
Issuer symbol
FDP
Transactions as of
01 Mar 2022
Net transactions value
-$11,716
Form type
4
Filing time
03 Mar 2022, 16:54:34 UTC
Previous filing
14 Dec 2021
Next filing
10 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 +576 +19% $0.000000 3,660 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1,277 +35% $0.000000 4,937 01 Mar 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +37 +0.75% $0.000000 4,974 01 Mar 2022 Direct
transaction FDP Ordinary Shares Sale $11,716 -447 -9% $26.21 4,527 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 -37 -9.6% $0.000000 348 01 Mar 2022 Ordinary Shares 37 Direct F2, F3
transaction FDP Restricted Stock Units Options Exercise $0 -576 -33% $0.000000 1,153 01 Mar 2022 Ordinary Shares 576 Direct F4, F6
transaction FDP Restricted Stock Units Options Exercise $0 -1,277 -33% $0.000000 2,559 01 Mar 2022 Ordinary Shares 1,277 Direct F4, F7
transaction FDP Performance Stock Units Disposed to Issuer $0 -345 -9% $0.000000 3,491 01 Mar 2022 Ordinary Shares 345 Direct F8, F11, F12
holding FDP Restricted Stock Units 2,000 01 Mar 2022 Ordinary Shares 2,000 Direct F4, F5
holding FDP Performance Stock Units 2,250 01 Mar 2022 Ordinary Shares 2,250 Direct F8, F9
holding FDP Performance Stock Units 2,392 01 Mar 2022 Ordinary Shares 2,392 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.