Hans Sauter - 20 Feb 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
Issuer symbol: FDP
Transactions as of: 20 Feb 2023
Net transactions value: -$3,833
Form type: 4
Filing time: 22 Feb 2023, 20:57:24 UTC
Previous filing: 13 Dec 2022
Next filing: 03 Mar 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	$0	+400		$0.000000	400	20 Feb 2023	Direct
transaction	FDP	Ordinary Shares	Options Exercise	$0	+23	+5.8%	$0.000000	423	20 Feb 2023	Direct
transaction	FDP	Ordinary Shares	Sale	$3,833	-127	-30%	$30.18	296	22 Feb 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	-4.1%	$0.000000	543	20 Feb 2023	Ordinary Shares	23		Direct	F2, F3, F4
transaction	FDP	Restricted Stock Units	Options Exercise	$0	-400	-100%	$0.000000^*	0	20 Feb 2023	Ordinary Shares	400		Direct	F5, F6
holding	FDP	Restricted Stock Units						1,022	20 Feb 2023	Ordinary Shares	1,022		Direct	F5, F7
holding	FDP	Restricted Stock Units						2,268	20 Feb 2023	Ordinary Shares	2,268		Direct	F5, F8
holding	FDP	Performance Stock Units						2,000	20 Feb 2023	Ordinary Shares	2,000		Direct	F9, F10
holding	FDP	Performance Stock Units						2,119	20 Feb 2023	Ordinary Shares	2,119		Direct	F9, F11
holding	FDP	Performance Stock Units						3,094	20 Feb 2023	Ordinary Shares	3,094		Direct	F9, F12
holding	FDP	Performance Stock Units						3,609	20 Feb 2023	Ordinary Shares	3,609		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.