Ziad Nabulsi - Sep 9, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, North American Operations
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Ziad Nabulsi
Stock symbol
FDP
Transactions as of
Sep 9, 2022
Transactions value $
$0
Form type
4
Date filed
9/13/2022, 05:16 PM
Previous filing
Jun 17, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 1.27K Sep 9, 2022 Direct

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 +48.2 +84.48% $0.00 105 Sep 9, 2022 Ordinary Shares 48.2 Direct F1, F2
holding FDP Restricted Stock Units 150 Sep 9, 2022 Ordinary Shares 150 Direct F3, F4
holding FDP Restricted Stock Units 300 Sep 9, 2022 Ordinary Shares 300 Direct F3, F5
holding FDP Restricted Stock Units 1.3K Sep 9, 2022 Ordinary Shares 1.3K Direct F3, F6
holding FDP Restricted Stock Units 2.17K Sep 9, 2022 Ordinary Shares 2.17K Direct F3, F7
holding FDP Performance Stock Units 4.26K Sep 9, 2022 Ordinary Shares 4.26K Direct F8, F9
* 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 RSUs were awarded on 2/20/19 and vested in five equal installments over four years. The remaining vesting will occur in 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 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.
F7 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.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 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.