Hans Sauter - Feb 20, 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, R&D and Agriculture
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Hans Sauter
Stock symbol
FDP
Transactions as of
Feb 20, 2023
Transactions value $
-$3,833
Form type
4
Date filed
2/22/2023, 08:57 PM
Previous filing
Dec 13, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +400 $0.00 400 Feb 20, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +23 +5.75% $0.00 423 Feb 20, 2023 Direct
transaction FDP Ordinary Shares Sale -$3.83K -127 -30.02% $30.18 296 Feb 22, 2023 Direct F1

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 Options Exercise $0 -23 -4.06% $0.00 543 Feb 20, 2023 Ordinary Shares 23 Direct F2, F3, F4
transaction FDP Restricted Stock Units Options Exercise $0 -400 -100% $0.00* 0 Feb 20, 2023 Ordinary Shares 400 Direct F5, F6
holding FDP Restricted Stock Units 1.02K Feb 20, 2023 Ordinary Shares 1.02K Direct F5, F7
holding FDP Restricted Stock Units 2.27K Feb 20, 2023 Ordinary Shares 2.27K Direct F5, F8
holding FDP Performance Stock Units 2K Feb 20, 2023 Ordinary Shares 2K Direct F9, F10
holding FDP Performance Stock Units 2.12K Feb 20, 2023 Ordinary Shares 2.12K Direct F9, F11
holding FDP Performance Stock Units 3.09K Feb 20, 2023 Ordinary Shares 3.09K Direct F9, F12
holding FDP Performance Stock Units 3.61K Feb 20, 2023 Ordinary Shares 3.61K Direct F9, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares sold for taxes payable upon the vesting of RSUs.
F2 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.
F3 Represents settlement of DEUs associated with the RSUs vested.
F4 .1017 DEUs were deducted from the total due to fractional shares being paid in cash.
F5 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 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.
F7 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.
F8 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.
F9 The PSUs convert to Ordinary Shares on a one-for-one basis.
F10 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.
F11 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.
F12 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 installment 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.
F13 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.