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

Role: VP, Central America
Signature: /s/ Effie D. Silva, Attorney-in-Fact for Jorge Pelaez
Stock symbol: FDP
Transactions as of: Dec 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/13/2022, 04:36 PM
Previous filing: Sep 13, 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	+86.7	+17.55%	$0.00	580	Dec 9, 2022	Ordinary Shares	86.7		Direct	F1, F2
holding	FDP	Restricted Stock Units						400	Dec 9, 2022	Ordinary Shares	400		Direct	F3, F4
holding	FDP	Restricted Stock Units						1.01K	Dec 9, 2022	Ordinary Shares	1.01K		Direct	F3, F5
holding	FDP	Restricted Stock Units						1.75K	Dec 9, 2022	Ordinary Shares	1.75K		Direct	F3, F6
holding	FDP	Restricted Stock Units						1.69K	Dec 9, 2022	Ordinary Shares	1.69K		Direct	F3, F7
holding	FDP	Performance Stock Units						3K	Dec 9, 2022	Ordinary Shares	3K		Direct	F8, F9
holding	FDP	Performance Stock Units						2.09K	Dec 9, 2022	Ordinary Shares	2.09K		Direct	F8, F10
holding	FDP	Performance Stock Units						2.39K	Dec 9, 2022	Ordinary Shares	2.39K		Direct	F8, F11
holding	FDP	Performance Stock Units						2.66K	Dec 9, 2022	Ordinary Shares	2.66K		Direct	F8, F12

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Dividend Equivalent Unit ("DEU") represents 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 of 400 shares 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	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.
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 2/20/2019 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2021. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F10	The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria which was met at 83%. 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.
F11	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.
F12	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.