Monica Vicente - 15 Jun 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, Chief Financial Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Monica Vicente
Issuer symbol
FDP
Transactions as of
15 Jun 2023
Net transactions value
-$9,347
Form type
4
Filing time
20 Jun 2023, 20:01:03 UTC
Previous filing
13 Jun 2023
Next filing
08 Sep 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 Options Exercise $0 +558 +34% $0.000000 2,220 15 Jun 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +835 +38% $0.000000 3,055 15 Jun 2023 Direct
transaction FDP Ordinary Shares Sale $9,347 -343 -11% $27.25 2,712 15 Jun 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 Disposed to Issuer $0 -2 -0.67% $0.000000 243 15 Jun 2023 Ordinary Shares 2 Direct F2, F3
transaction FDP Dividend Equivalent Units Options Exercise $0 -33 -13% $0.000000 210 15 Jun 2023 Ordinary Shares 33 Direct F2, F4
transaction FDP Restricted Stock Units Options Exercise $0 -545 -33% $0.000000 1,107 15 Jun 2023 Ordinary Shares 545 Direct F5, F8
transaction FDP Performance Stock Units Disposed to Issuer $0 -68 -2.7% $0.000000 2,473 15 Jun 2023 Ordinary Shares 68 Direct F10, F11, F12
transaction FDP Performance Stock Units Options Exercise $0 -816 -33% $0.000000 1,657 15 Jun 2023 Ordinary Shares 816 Direct F4, F10, F12
holding FDP Restricted Stock Units 200 15 Jun 2023 Ordinary Shares 200 Direct F5, F6
holding FDP Restricted Stock Units 649 15 Jun 2023 Ordinary Shares 649 Direct F5, F7
holding FDP Restricted Stock Units 3,826 15 Jun 2023 Ordinary Shares 3,826 Direct F5, F9
holding FDP Performance Stock Units 3,826 15 Jun 2023 Ordinary Shares 3,826 Direct F10, F13
* 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 Performance Stock Units ("PSUs") and Restricted Stock Units ("RSUs").
F2 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 RSUs and/or PSUs to which they relate.
F3 These DEUs were cancelled since the performance criteria on the underlying PSUs was met at 97.3%.
F4 0.3391 DEUs were deducted from the total due to fractional shares being paid in cash.
F5 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 The 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.
F7 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.
F8 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.
F9 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.
F10 The PSUs convert to Ordinary Shares on a one-for-one basis.
F11 Since the performance criteria was met at 97.3%, 68 PSUs previously reported on Form 4 were cancelled.
F12 The PSUs were awarded on 6/15/2022 and subject to meeting minimum performance criteria which was met at 97.3%. 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.