Gianpaolo Renino - 02 Jun 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Effie D. Silva, Attorney-in-Fact for Gianpaolo Renino
Issuer symbol
FDP
Transactions as of
02 Jun 2022
Net transactions value
-$102,157
Form type
4
Filing time
06 Jun 2022, 17:50:47 UTC
Previous filing
05 Apr 2022
Next filing
14 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale $102,157 -4,070 -49% $25.10 4,287 02 Jun 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 597 02 Jun 2022 Ordinary Shares 597 Direct F2
holding FDP Restricted Stock Unit 400 02 Jun 2022 Ordinary Shares 400 Direct F3, F4
holding FDP Restricted Stock Units 777 02 Jun 2022 Ordinary Shares 777 Direct F3, F5
holding FDP Restricted Stock Units 2,010 02 Jun 2022 Ordinary Shares 2,010 Direct F3, F6
holding FDP Performance Stock Units 3,552 02 Jun 2022 Ordinary Shares 3,552 Direct F7, F8
holding FDP Performance Stock Units 3,000 02 Jun 2022 Ordinary Shares 3,000 Direct F7, F9
holding FDP Performance Stock Units 1,612 02 Jun 2022 Ordinary Shares 1,612 Direct F7, F10
holding FDP Performance Stock Units 2,742 02 Jun 2022 Ordinary Shares 2,742 Direct F7, 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 purchased. The prices of the shares purchased pursuant to the transaction ranged from $25.07 to $25.15 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 purchased at each separate price.
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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
F3 The RSUs convert to Ordinary Shares on a one-for-one basis.
F4 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.
F5 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.
F6 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.
F7 The PSUs convert to Ordinary Shares on a one-for-one basis.
F8 The PSUs were awarded on 2/22/2017 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vest in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/20/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
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%. 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.