Tarek Betti - Jun 15, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chief Human Resources Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Tarek Betti
Stock symbol
FDP
Transactions as of
Jun 15, 2022
Transactions value $
$0
Form type
4
Date filed
6/17/2022, 08:21 PM
Previous filing
Jun 14, 2022
Next filing
Sep 13, 2022

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 Restricted Stock Units Award $0 +1.63K $0.00 1.63K Jun 15, 2022 Ordinary Shares 1.63K Direct F2, F4
transaction FDP Performance Stock Units Award $0 +2.98K $0.00 2.98K Jun 15, 2022 Ordinary Shares 2.98K Direct F5, F7
holding FDP Dividend Equivalent Units 98.4 Jun 15, 2022 Ordinary Shares 98.4 Direct F1
holding FDP Restricted Stock Unit 1.43K Jun 15, 2022 Ordinary Shares 1.43K Direct F2, F3
holding FDP Performance Stock Units 1.94K Jun 15, 2022 Ordinary Shares 1.94K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The Restricted Stock Units ("RSUs") convert to Ordinary Shares on a one-for-one basis.
F3 The RSUs were awarded on 3/1/2021 and vest in three equal installment over three years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
F4 RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The vestings will occur on 6/15/2023, 3/2/2024 and 3/2/2025.
F5 The PSUs convert to Ordinary Shares on a one-for-one basis.
F6 The PSUs were awarded on 3/1/2021 and are 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.
F7 The PSUs were awarded on 6/15/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 6/15/2023, 3/2/2024 and 3/2/2025. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.