Eduardo Bezerra - Mar 25, 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 25, 2022
Transactions value $
-$6,446
Form type
4
Date filed
3/29/2022, 06:12 PM
Previous filing
Mar 10, 2022
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +1K $0.00 1K Mar 25, 2022 Direct
transaction FDP Ordinary Shares Options Exercise $0 +33 +3.3% $0.00 1.03K Mar 25, 2022 Direct
transaction FDP Ordinary Shares Sale -$6.45K -245 -23.72% $26.31 788 Mar 25, 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 -33 -9.49% $0.00 315 Mar 25, 2022 Ordinary Shares 33 Direct F2, F3
transaction FDP Restricted Stock Units Options Exercise $0 -1K -50% $0.00 1K Mar 25, 2022 Ordinary Shares 1K Direct F4, F5
holding FDP Restricted Stock Units 1.15K Mar 25, 2022 Ordinary Shares 1.15K Direct F4, F6
holding FDP Restricted Stock Units 2.56K Mar 25, 2022 Ordinary Shares 2.56K Direct F4, F7
holding FDP Performance Stock Units 2.25K Mar 25, 2022 Ordinary Shares 2.25K Direct F8, F9
holding FDP Performance Stock Units 2.39K Mar 25, 2022 Ordinary Shares 2.39K Direct F8, F10
holding FDP Performance Stock Units 3.49K Mar 25, 2022 Ordinary Shares 3.49K Direct F8, F11
* 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 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 .4877 DEUs were deducted from the total due to fractional shares being paid in cash.
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 vesting will occur on 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 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.