Jorge Pelaez Reyes - 24 Mar 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Marlene M. Gordon, Attorney-in-fact for Jorge Pelaez Reyes
Issuer symbol
FDP
Transactions as of
24 Mar 2022
Net transactions value
-$62,570
Form type
4
Filing time
28 Mar 2022, 17:02:13 UTC
Previous filing
03 Mar 2022
Next filing
05 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale $62,570 -2,447 -100% $25.57 0 24 Mar 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
holding FDP Dividend Equivalent Units 274 24 Mar 2022 Ordinary Shares 274 Direct F1
holding FDP Restricted Stock Units 400 24 Mar 2022 Ordinary Shares 400 Direct F2, F3
holding FDP Restricted Stock Units 1,008 24 Mar 2022 Ordinary Shares 1,008 Direct F2, F4
holding FDP Restricted Stock Units 1,752 24 Mar 2022 Ordinary Shares 1,752 Direct F2, F5
holding FDP Performance Stock Units 3,000 24 Mar 2022 Ordinary Shares 3,000 Direct F6, F7
holding FDP Performance Stock Units 2,090 24 Mar 2022 Ordinary Shares 2,090 Direct F6, F8
holding FDP Performance Stock Units 2,390 24 Mar 2022 Ordinary Shares 2,390 Direct F6, 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 The RSUs convert to Ordinary Shares on a one-for-one basis.
F3 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.
F4 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.
F5 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.
F6 The PSUs convert to Ordinary Shares on a one-for-one basis.
F7 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.
F8 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.
F9 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.