Jorge Pelaez Reyes - 14 Mar 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role: VP, Central America
Signature: /s/ Effie D. Silva, Attorney-in-Fact for Jorge Pelaez
Issuer symbol: FDP
Transactions as of: 14 Mar 2023
Net transactions value: -$48,685
Form type: 4
Filing time: 16 Mar 2023, 17:22:30 UTC
Previous filing: 03 Mar 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FDP	Ordinary Shares	Sale	$48,685	-1,600	-86%	$30.43	262	14 Mar 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
holding	FDP	Dividend Equivalent Units						495	14 Mar 2023	Ordinary Shares	495		Direct	F2
holding	FDP	Restricted Stock Units						504	14 Mar 2023	Ordinary Shares	504		Direct	F3, F4
holding	FDP	Restricted Stock Units						878	14 Mar 2023	Ordinary Shares	878		Direct	F3, F5
holding	FDP	Restricted Stock Units						1,686	14 Mar 2023	Ordinary Shares	1,686		Direct	F3, F6
holding	FDP	Restricted Stock Units						2,216	14 Mar 2023	Ordinary Shares	2,216		Direct	F3, F7
holding	FDP	Performance Stock Units						3,000	14 Mar 2023	Ordinary Shares	3,000		Direct	F8, F9
holding	FDP	Performance Stock Units						2,090	14 Mar 2023	Ordinary Shares	2,090		Direct	F8, F10
holding	FDP	Performance Stock Units						2,390	14 Mar 2023	Ordinary Shares	2,390		Direct	F8, F11
holding	FDP	Performance Stock Units						2,661	14 Mar 2023	Ordinary Shares	2,661		Direct	F8, F12
holding	FDP	Performance Stock Units						2,216	14 Mar 2023	Ordinary Shares	2,216		Direct	F8, F13

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the weighted average price of the shares purchased. The prices of the shares purchased pursuant to the transaction ranged from $30.42 to $30.47 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price.
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	The RSUs convert to Ordinary Shares on a one-for-one basis.
F4	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	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 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.
F10	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.
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.
F13	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.