Charles Beard Jr. - Dec 9, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role: Director
Signature: /s/ Effie D. Silva, Attorney-in-Fact for Charles Beard, Jr.
Stock symbol: FDP
Transactions as of: Dec 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/13/2022, 04:31 PM
Previous filing: Sep 13, 2022
Next filing: Apr 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FDP	Ordinary Shares						10.9K	Dec 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	+33.2	+96.27%	$0.00	67.8	Dec 9, 2022	Ordinary Shares	33.2		Direct	F1, F2
holding	FDP	Restricted Stock Units						5.9K	Dec 9, 2022	Ordinary Shares	5.9K		Direct	F3, F4

* 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 criteria based on the underlying Restricted Stock Units ("RSUs") to which they relate.
F2	Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs 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 are subject to the same restrictions and vesting conditions as the underlying RSUs.
F3	The RSUs convert to Ordinary Shares on a one-for-one basis.
F4	Represents a grant of RSUs for board service for the 2022-2023 term. These restricted stock units shall vest on the earlier of: (i) the one-year anniversary of the grant date; and (ii) the date of the next annual meeting of the shareholders of the issuer that follows the grant date.