Sergio Mancilla - 01 Mar 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
VP South America
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Sergio Mancilla
Issuer symbol
FDP
Transactions as of
01 Mar 2023
Net transactions value
$0
Form type
4
Filing time
03 Mar 2023, 16:49:17 UTC
Previous filing
22 Feb 2023
Next filing
15 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 Share Options Exercise $0 +421 +200% $0.000000 632 01 Mar 2023 Direct
transaction FDP Ordinary Share Options Exercise $0 +864 +137% $0.000000 1,496 01 Mar 2023 Direct
transaction FDP Ordinary Share Options Exercise $0 +57 +3.8% $0.000000 1,553 01 Mar 2023 Direct

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 -57 -1.9% $0.000000 2,913 01 Mar 2023 Ordinary Shares 57 Direct F1, F2
transaction FDP Restricted Stock Units Options Exercise $0 -421 -50% $0.000000 421 01 Mar 2023 Ordinary Shares 421 Direct F3, F4
transaction FDP Restricted Stock Units Options Exercise $0 -864 -50% $0.000000 868 01 Mar 2023 Ordinary Shares 864 Direct F3, F5
holding FDP Restricted Stock Unit 1,529 01 Mar 2023 Ordinary Shares 1,529 Direct F3, F6
holding FDP Performance Stock Units 5,000 01 Mar 2023 Ordinary Shares 5,000 Direct F7, F8
holding FDP Performance Stock Units 5,000 01 Mar 2023 Ordinary Shares 5,000 Direct F7, F9
holding FDP Performance Stock Units 4,750 01 Mar 2023 Ordinary Shares 4,750 Direct F7, F10
holding FDP Performance Stock Units 4,000 01 Mar 2023 Ordinary Shares 4,000 Direct F7, F11
holding FDP Performance Stock Units 1,776 01 Mar 2023 Ordinary Shares 1,776 Direct F7, F12
holding FDP Performance Stock Units 2,000 01 Mar 2023 Ordinary Shares 2,000 Direct F7, F13
holding FDP Performance Stock Units 1,745 01 Mar 2023 Ordinary Shares 1,745 Direct F7, F14
holding FDP Performance Stock Units 2,363 01 Mar 2023 Ordinary Shares 2,363 Direct F7, F15
holding FDP Performance Stock Units 2,414 01 Mar 2023 Ordinary Shares 2,414 Direct F7, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 .769 DEUs were deducted from the total due to fractional shares being paid in cash.
F3 The RSUs convert to Ordinary Shares on a one-for-one basis.
F4 The RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vesting will occur on 3/1/2024.
F5 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vesting will occur on 3/1/2024.
F6 The 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.
F7 The PSUs convert to Ordinary Shares on a one-for-one basis.
F8 The PSUs were awarded 2/20/2013 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F9 The PSUs were awarded 2/19/2014 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F10 The PSUs were awarded 2/18/2015 and subject to meeting minimum performance criteria which was met at 95%. The PSUs vested in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F11 The PSUs were awarded 2/24/2016 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F12 The PSUs were awarded 2/22/2017 and subject to meeting minimum performance criteria which was met at 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F13 The PSUs were awarded 2/20/2019 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested 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.
F14 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F15 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.
F16 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.