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

Role: SVP, Network Shipping & Ops
Signature: /s/ Effie D. Silva, Attorney-in-Fact for Helmuth Lutty
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	-3.82%	$0.00	579	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						1.05K	Feb 20, 2023	Ordinary Shares	1.05K		Direct	F5, F7
holding	FDP	Restricted Stock Units						2.33K	Feb 20, 2023	Ordinary Shares	2.33K		Direct	F5, F8
holding	FDP	Restricted Stock Units						2.17K	Feb 20, 2023	Ordinary Shares	2.17K		Direct	F5, F9
holding	FDP	Performance Stock Units						2K	Feb 20, 2023	Ordinary Shares	2K		Direct	F10, F11
holding	FDP	Performance Stock Units						2.18K	Feb 20, 2023	Ordinary Shares	2.18K		Direct	F10, F12
holding	FDP	Performance Stock Units						3.18K	Feb 20, 2023	Ordinary Shares	3.18K		Direct	F10, F13
holding	FDP	Performance Stock Units						3.57K	Feb 20, 2023	Ordinary Shares	3.57K		Direct	F10, F14

* 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	Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs 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 are subject to the same restrictions and vesting conditions as the underlying RSUs.
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 2/20/2023.
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	RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vestings will occur on each 3/1/2023 and 3/1/2024.
F9	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.
F10	The PSUs convert to Ordinary Shares on a one-for-one basis.
F11	The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. Once earned, the PSUs vest 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.
F12	The PSUs were awarded on 3/2/2020 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.
F13	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.
F14	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.