Hans Sauter - Mar 9, 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
Stock symbol
FDP
Transactions as of
Mar 9, 2023
Transactions value $
-$46,116
Form type
4
Date filed
3/10/2023, 04:15 PM
Previous filing
Mar 3, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale -$46.1K -1.5K -100% $30.76 0 Mar 9, 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
holding FDP Dividend Equivalent Units 470 Mar 9, 2023 Ordinary Shares 470 Direct F1
holding FDP Restricted Stock Units 511 Mar 9, 2023 Ordinary Shares 511 Direct F2, F3
holding FDP Restricted Stock Units 1.14K Mar 9, 2023 Ordinary Shares 1.14K Direct F2, F4
holding FDP Restricted Stock Units 2.94K Mar 9, 2023 Ordinary Shares 2.94K Direct F2, F5
holding FDP Performance Stock Units 2K Mar 9, 2023 Ordinary Shares 2K Direct F6, F7
holding FDP Performance Stock Units 2.12K Mar 9, 2023 Ordinary Shares 2.12K Direct F6, F8
holding FDP Performance Stock Units 3.09K Mar 9, 2023 Ordinary Shares 3.09K Direct F6, F9
holding FDP Performance Stock Units 3.61K Mar 9, 2023 Ordinary Shares 3.61K Direct F6, F10
holding FDP Performance Stock Units 2.94K Mar 9, 2023 Ordinary Shares 2.94K Direct F6, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The RSUs convert to Ordinary Shares on a one-for-one basis.
F3 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.
F4 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.
F5 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.
F6 The PSUs convert to Ordinary Shares on a one-for-one basis.
F7 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.
F8 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.
F9 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.
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.