Mohammad Abu - Dec 9, 2022 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Mohammad Abu-Ghazaleh
Stock symbol
FDP
Transactions as of
Dec 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 04:33 PM
Previous filing
Sep 13, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 6.83M Dec 9, 2022 Direct
holding FDP Ordinary Shares 20K Dec 9, 2022 Held by Spouse

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 +1.25K +26.78% $0.00 5.94K Dec 9, 2022 Ordinary Shares 1.25K Direct F1, F2
holding FDP Employee Stock Options (Right to Buy) 32.2K Dec 9, 2022 Ordinary Shares 32.2K $26.52 Direct F3
holding FDP Employee Stock Options (Right to Buy) 64.4K Dec 9, 2022 Ordinary Shares 64.4K $28.89 Direct F3
holding FDP Restricted Stock Unit 10K Dec 9, 2022 Ordinary Shares 10K Direct F4, F5
holding FDP Restricted Stock Units 20K Dec 9, 2022 Ordinary Shares 20K Direct F4, F6
holding FDP Restricted Stock Units 40.2K Dec 9, 2022 Ordinary Shares 40.2K Direct F4, F7
holding FDP Performance Stock Units 11.1K Dec 9, 2022 Ordinary Shares 11.1K Direct F8, F9
holding FDP Performance Stock Units 36.6K Dec 9, 2022 Ordinary Shares 36.6K Direct F8, F10
holding FDP Performance Stock Units 102K Dec 9, 2022 Ordinary Shares 102K Direct F8, F11
* 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 Stock Options are fully vested.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vesting will occur on 2/20/23.
F6 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.
F7 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vestings will occur on 3/1/2023 and 3/1/2024.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria which was met at 83%. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023.
F10 The PSUs were awarded on 3/1/2021 and 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.
F11 The PSUs were awarded on 7/6/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal installments on each of 7/6/2023, 3/2/2024 and 3/2/2025.