Mohammad Abu - 17 Feb 2023 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
Issuer symbol
FDP
Transactions as of
17 Feb 2023
Transactions value $
-$8
Form type
4
Date filed
22 Feb 2023, 16:08
Previous filing
13 Dec 2022
Next filing
22 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $854K +32.2K +0.47% $26.52 6.86M 17 Feb 2023 Direct
transaction FDP Ordinary Shares Tax liability -$854K -30.3K -0.44% $28.20 6.83M 17 Feb 2023 Direct F1
holding FDP Ordinary Shares 20K 17 Feb 2023 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 Employee Stock Options (Right to Buy) Options Exercise $0 -32.2K -100% $0.00* 0 17 Feb 2023 Ordinary Shares 32.2K $26.52 Direct F3
holding FDP Dividend Equivalent Units 5.94K 17 Feb 2023 Ordinary Shares 5.94K Direct F2
holding FDP Employee Stock Options (Right to Buy) 64.4K 17 Feb 2023 Ordinary Shares 64.4K $28.89 Direct F3
holding FDP Restricted Stock Unit 10K 17 Feb 2023 Ordinary Shares 10K Direct F4, F5
holding FDP Restricted Stock Units 20K 17 Feb 2023 Ordinary Shares 20K Direct F4, F6
holding FDP Restricted Stock Units 40.2K 17 Feb 2023 Ordinary Shares 40.2K Direct F4, F7
holding FDP Performance Stock Units 11.1K 17 Feb 2023 Ordinary Shares 11.1K Direct F8, F9
holding FDP Performance Stock Units 36.6K 17 Feb 2023 Ordinary Shares 36.6K Direct F8, F10
holding FDP Performance Stock Units 102K 17 Feb 2023 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 Reflects shares withheld to pay the exercise price of the Employee Stock Options.
F2 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.
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.