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

Role
VP South America
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Sergio Mancilla
Stock symbol
FDP
Transactions as of
Dec 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 04:34 PM
Previous filing
Nov 16, 2022
Next filing
Feb 22, 2023

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 +204 +7.33% $0.00 2.98K Dec 9, 2022 Ordinary Shares 204 Direct F1, F2
holding FDP Restricted Stock Units 200 Dec 9, 2022 Ordinary Shares 200 Direct F3, F4
holding FDP Restricted Stock Units 842 Dec 9, 2022 Ordinary Shares 842 Direct F3, F5
holding FDP Restricted Stock Units 1.73K Dec 9, 2022 Ordinary Shares 1.73K Direct F3, F6
holding FDP Restricted Stock Unit 1.53K Dec 9, 2022 Ordinary Shares 1.53K Direct F3, F7
holding FDP Performance Stock Units 5K Dec 9, 2022 Ordinary Shares 5K Direct F8, F9
holding FDP Performance Stock Units 5K Dec 9, 2022 Ordinary Shares 5K Direct F8, F10
holding FDP Performance Stock Units 4.75K Dec 9, 2022 Ordinary Shares 4.75K Direct F8, F11
holding FDP Performance Stock Units 4K Dec 9, 2022 Ordinary Shares 4K Direct F8, F12
holding FDP Performance Stock Units 1.78K Dec 9, 2022 Ordinary Shares 1.78K Direct F8, F13
holding FDP Performance Stock Units 2K Dec 9, 2022 Ordinary Shares 2K Direct F8, F14
holding FDP Performance Stock Units 1.75K Dec 9, 2022 Ordinary Shares 1.75K Direct F8, F15
holding FDP Performance Stock Units 2.36K Dec 9, 2022 Ordinary Shares 2.36K Direct F8, F16
holding FDP Performance Stock Units 2.41K Dec 9, 2022 Ordinary Shares 2.41K Direct F8, F17
* 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 vest in five equal installments over four years. The remaining vesting will occur on 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 installments 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 2/20/2013 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F10 The PSUs were awarded 2/19/2014 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F11 The PSUs were awarded 2/18/2015 and subject to meeting minimum performance criteria which was met at 95%. The PSUs vested in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F12 The PSUs were awarded 2/24/2016 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F13 The PSUs were awarded 2/22/2017 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F14 The PSUs were awarded 2/20/2019 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F15 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F16 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F17 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.