Hans Sauter - 16 Mar 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Hans Sauter
Issuer symbol
FDP
Transactions as of
16 Mar 2022
Net transactions value
-$60,091
Form type
4
Filing time
18 Mar 2022, 18:03:55 UTC
Previous filing
03 Mar 2022
Next filing
29 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale $60,091 -2,311 -33% $26.00 4,625 16 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
holding FDP Dividend Equivalent Units 263 16 Mar 2022 Ordinary Shares 263 Direct F2, F3
holding FDP Restricted Stock Units 400 16 Mar 2022 Ordinary Shares 400 Direct F4, F5
holding FDP Restricted Stock Units 1,022 16 Mar 2022 Ordinary Shares 1,022 Direct F4, F6
holding FDP Restricted Stock Units 2,268 16 Mar 2022 Ordinary Shares 2,268 Direct F4, F7
holding FDP Performance Stock Units 2,000 16 Mar 2022 Ordinary Shares 2,000 Direct F8, F9
holding FDP Performance Stock Units 2,119 16 Mar 2022 Ordinary Shares 2,119 Direct F8, F10
holding FDP Performance Stock Units 3,094 16 Mar 2022 Ordinary Shares 3,094 Direct F8, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $26.00 to $26.01 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 Each 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 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 5.2286 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 2/20/19 and vest in five equal installments over four years. The remaining vesting of 400 shares 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 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.
F10 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.
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 installment 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.