Tarek Betti - Sep 9, 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: Sep 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/13/2022, 05:14 PM
Previous filing: Jun 17, 2022
Next filing: Dec 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	Dividend Equivalent Units	Award	$0	+47.3	+48.03%	$0.00	146	Sep 9, 2022	Ordinary Shares	47.3		Direct	F1, F2
holding	FDP	Restricted Stock Unit						1.43K	Sep 9, 2022	Ordinary Shares	1.43K		Direct	F3, F4
holding	FDP	Restricted Stock Units						1.63K	Sep 9, 2022	Ordinary Shares	1.63K		Direct	F3, F5
holding	FDP	Performance Stock Units						1.94K	Sep 9, 2022	Ordinary Shares	1.94K		Direct	F6, F7
holding	FDP	Performance Stock Units						2.98K	Sep 9, 2022	Ordinary Shares	2.98K		Direct	F6, F8

* 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	Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and/or PSUs granted to the Reporting Person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders. Dividend equivalents on RSUs and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
F3	The RSUs convert to Ordinary Shares on a one-for-one basis.
F4	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.
F5	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.
F6	The PSUs convert to Ordinary Shares on a one-for-one basis.
F7	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.
F8	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.