Tarek Betti - Jun 15, 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chief Human Resources Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Tarek Betti
Stock symbol
FDP
Transactions as of
Jun 15, 2023
Transactions value $
-$9,813
Form type
4
Date filed
6/20/2023, 08:01 PM
Previous filing
Jun 13, 2023
Next filing
Aug 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +550 $0.00 550 Jun 15, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +980 +178.18% $0.00 1.53K Jun 15, 2023 Direct
transaction FDP Ordinary Shares Sale -$3.54K -130 -8.5% $27.25 1.4K Jun 15, 2023 Direct F1
transaction FDP Ordinary Shares Sale -$6.27K -233 -16.64% $26.91 1.17K Jun 15, 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 -1.93 -0.58% $0.00 328 Jun 15, 2023 Ordinary Shares 1.93 Direct F2, F3
transaction FDP Dividend Equivalent Units Options Exercise $0 -36 -10.97% $0.00 292 Jun 15, 2023 Ordinary Shares 36 Direct F2, F4
transaction FDP Restricted Stock Units Options Exercise $0 -538 -32.99% $0.00 1.09K Jun 15, 2023 Ordinary Shares 538 Direct F5, F7
transaction FDP Performance Stock Units Disposed to Issuer $0 -80 -2.68% $0.00 2.9K Jun 15, 2023 Ordinary Shares 80 Direct F9, F11, F12
transaction FDP Performance Stock Units Options Exercise $0 -958 -33% $0.00 1.94K Jun 15, 2023 Ordinary Shares 958 Direct F4, F9, F12
holding FDP Restricted Stock Unit 714 Jun 15, 2023 Ordinary Shares 714 Direct F5, F6
holding FDP Restricted Stock Units 3.04K Jun 15, 2023 Ordinary Shares 3.04K Direct F5, F8
holding FDP Performance Stock Units 1.94K Jun 15, 2023 Ordinary Shares 1.94K Direct F9, F10
holding FDP Performance Stock Units 3.04K Jun 15, 2023 Ordinary Shares 3.04K Direct F9, 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 ("DEUs") 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 1.6182 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 3/1/2021 and vest in three equal installment over three years. The remaining vesting will occur on 3/1/2024.
F7 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.
F8 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.
F9 The PSUs convert to Ordinary Shares on a one-for-one basis.
F10 The PSUs were awarded on 3/1/2021 and are subject to meeting minimum performance criteria which was met at 91%. 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.
F11 Since the performance criteria was met at 97.3%, 80 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.