Jorge Pelaez - Mar 14, 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
Stock symbol
FDP
Transactions as of
Mar 14, 2023
Transactions value $
-$48,685
Form type
4
Date filed
3/16/2023, 05:22 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 -$48.7K -1.6K -85.93% $30.43 262 Mar 14, 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 Mar 14, 2023 Ordinary Shares 495 Direct F2
holding FDP Restricted Stock Units 504 Mar 14, 2023 Ordinary Shares 504 Direct F3, F4
holding FDP Restricted Stock Units 878 Mar 14, 2023 Ordinary Shares 878 Direct F3, F5
holding FDP Restricted Stock Units 1.69K Mar 14, 2023 Ordinary Shares 1.69K Direct F3, F6
holding FDP Restricted Stock Units 2.22K Mar 14, 2023 Ordinary Shares 2.22K Direct F3, F7
holding FDP Performance Stock Units 3K Mar 14, 2023 Ordinary Shares 3K Direct F8, F9
holding FDP Performance Stock Units 2.09K Mar 14, 2023 Ordinary Shares 2.09K Direct F8, F10
holding FDP Performance Stock Units 2.39K Mar 14, 2023 Ordinary Shares 2.39K Direct F8, F11
holding FDP Performance Stock Units 2.66K Mar 14, 2023 Ordinary Shares 2.66K Direct F8, F12
holding FDP Performance Stock Units 2.22K Mar 14, 2023 Ordinary Shares 2.22K 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.