Tarek Betti - Mar 1, 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chief Human Resources Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Tarek Betti
Stock symbol
FDP
Transactions as of
Mar 1, 2023
Transactions value $
-$7,011
Form type
4
Date filed
3/3/2023, 04:53 PM
Previous filing
Dec 13, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +711 $0.00 711 Mar 1, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +29 +4.08% $0.00 740 Mar 1, 2023 Direct
transaction FDP Ordinary Shares Sale -$7.01K -222 -30% $31.58 518 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 -29 -15.18% $0.00 162 Mar 1, 2023 Ordinary Shares 29 Direct F2, F3
transaction FDP Restricted Stock Unit Options Exercise $0 -711 -49.89% $0.00 714 Mar 1, 2023 Ordinary Shares 711 Direct F4, F5
transaction FDP Restricted Stock Units Award $0 +3.04K $0.00 3.04K Mar 2, 2023 Ordinary Shares 3.04K Direct F4, F7
transaction FDP Performance Stock Units Award $0 +3.04K $0.00 3.04K Mar 2, 2023 Ordinary Shares 3.04K Direct F8, F11
holding FDP Restricted Stock Units 1.63K Mar 1, 2023 Ordinary Shares 1.63K Direct F4, F6
holding FDP Performance Stock Units 1.94K Mar 1, 2023 Ordinary Shares 1.94K Direct F8, F9
holding FDP Performance Stock Units 2.98K Mar 1, 2023 Ordinary Shares 2.98K Direct F8, F10
* 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 ("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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
F3 .1749 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 3/1/2021 and vest in three equal installment 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 RSUs were awarded on 3/2/2023 and vest in three equal installments on 3/2/2024, 3/2/2025 and 3/2/2026.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 The PSUs were awarded on 3/1/2021 and are 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.
F10 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.
F11 The PSUs were awarded on 3/2/2023 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/2/2024, 3/2/2025 and 3/2/2026.