Helmuth Lutty - Mar 1, 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
Mar 1, 2023
Transactions value $
-$16,611
Form type
4
Date filed
3/3/2023, 04:49 PM
Previous filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +525 +177.36% $0.00 821 Mar 1, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1.16K +141.78% $0.00 1.99K Mar 1, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +74 +3.73% $0.00 2.06K Mar 1, 2023 Direct
transaction FDP Ordinary Shares Sale -$16.6K -526 -25.55% $31.58 1.53K Mar 1, 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 -74 -12.82% $0.00 503 Mar 1, 2023 Ordinary Shares 74 Direct F2, F3
transaction FDP Restricted Stock Units Options Exercise $0 -525 -50% $0.00 525 Mar 1, 2023 Ordinary Shares 525 Direct F4, F5
transaction FDP Restricted Stock Units Options Exercise $0 -1.16K -49.91% $0.00 1.17K Mar 1, 2023 Ordinary Shares 1.16K Direct F4, F6
holding FDP Restricted Stock Units 2.17K Mar 1, 2023 Ordinary Shares 2.17K Direct F4, F7
holding FDP Performance Stock Units 2K Mar 1, 2023 Ordinary Shares 2K Direct F8, F9
holding FDP Performance Stock Units 2.18K Mar 1, 2023 Ordinary Shares 2.18K Direct F8, F10
holding FDP Performance Stock Units 3.18K Mar 1, 2023 Ordinary Shares 3.18K Direct F8, F11
holding FDP Performance Stock Units 3.57K Mar 1, 2023 Ordinary Shares 3.57K Direct F8, F12
* 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 Restricted Stock Units ("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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
F3 1.5915 DEUs were deducted from the total due to fractional shares being paid in cash.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 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.
F6 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.
F7 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.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 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.
F10 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.
F11 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.
F12 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.