Jesus Rodriguez Calvo - Jun 15, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, NA Sales & Marketing
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Jesus Rodriguez Calvo
Stock symbol
FDP
Transactions as of
Jun 15, 2022
Transactions value $
$0
Form type
4
Date filed
6/17/2022, 08:23 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 Performance Stock Units Award $0 +4.07K $0.00 4.07K Jun 15, 2022 Ordinary Shares 4.07K Direct F4, F5
holding FDP Dividend Equivalent Units 78.9 Jun 15, 2022 Ordinary Shares 78.9 Direct F1
holding FDP Restricted Stock Units 2.7K Jun 15, 2022 Ordinary Shares 2.7K Direct F2, F3
* 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 RSUs convert to Ordinary Shares on a one-for-one basis.
F3 RSUs were awarded on 12/1/2020 and vest in five equal installments over four years. The remaining vestings will occur on 12/1/2022, 12/1/2023 and 12/1/24.
F4 PSUs convert to Ordinary Shares on a one-for-one basis.
F5 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.