Hans Sauter - 31 Mar 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
Issuer symbol
FDP
Transactions as of
31 Mar 2023
Net transactions value
$0
Form type
4
Filing time
04 Apr 2023, 21:10:09 UTC
Previous filing
10 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 0 31 Mar 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
transaction FDP Dividend Equivalent Units Award $0 +94 +20% $0.000000 564 31 Mar 2023 Ordinary Shares 94 Direct F1, F2
holding FDP Restricted Stock Units 511 31 Mar 2023 Ordinary Shares 511 Direct F3, F4
holding FDP Restricted Stock Units 1,136 31 Mar 2023 Ordinary Shares 1,136 Direct F3, F5
holding FDP Restricted Stock Units 2,940 31 Mar 2023 Ordinary Shares 2,940 Direct F3, F6
holding FDP Performance Stock Units 2,000 31 Mar 2023 Ordinary Shares 2,000 Direct F7, F8
holding FDP Performance Stock Units 2,119 31 Mar 2023 Ordinary Shares 2,119 Direct F7, F9
holding FDP Performance Stock Units 3,094 31 Mar 2023 Ordinary Shares 3,094 Direct F7, F10
holding FDP Performance Stock Units 3,609 31 Mar 2023 Ordinary Shares 3,609 Direct F7, F11
holding FDP Performance Stock Units 2,940 31 Mar 2023 Ordinary Shares 2,940 Direct F7, F12
* 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 the Issuer. 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.
F2 Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and/or PSUs granted to the Reporting Person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders. Dividend equivalents on RSUs and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
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 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.
F7 The PSUs convert to Ordinary Shares on a one-for-one basis.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.