Jorge Pelaez Reyes - 15 Jun 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 Reyes
Issuer symbol
FDP
Transactions as of
15 Jun 2023
Net transactions value
$0
Form type
4
Filing time
20 Jun 2023, 20:01:36 UTC
Previous filing
13 Jun 2023
Next filing
12 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 +569 +217% $0.000000 831 15 Jun 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +875 +105% $0.000000 1,706 15 Jun 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 Disposed to Issuer $0 -2 -0.24% $0.000000 719 15 Jun 2023 Ordinary Shares 2 Direct F1, F2
transaction FDP Dividend Equivalent Units Options Exercise $0 -34 -4.7% $0.000000 685 15 Jun 2023 Ordinary Shares 34 Direct F1, F3
transaction FDP Restricted Stock Units Options Exercise $0 -556 -33% $0.000000 1,130 15 Jun 2023 Ordinary Shares 556 Direct F4, F7
transaction FDP Performance Stock Units Disposed to Issuer $0 -71 -2.7% $0.000000 2,590 15 Jun 2023 Ordinary Shares 71 Direct F9, F13, F14
transaction FDP Performance Stock Units Options Exercise $0 -855 -33% $0.000000 1,735 15 Jun 2023 Ordinary Shares 855 Direct F3, F9, F14
holding FDP Restricted Stock Units 504 15 Jun 2023 Ordinary Shares 504 Direct F4, F5
holding FDP Restricted Stock Units 878 15 Jun 2023 Ordinary Shares 878 Direct F4, F6
holding FDP Restricted Stock Units 2,216 15 Jun 2023 Ordinary Shares 2,216 Direct F4, F8
holding FDP Performance Stock Units 3,000 15 Jun 2023 Ordinary Shares 3,000 Direct F9, F10
holding FDP Performance Stock Units 2,090 15 Jun 2023 Ordinary Shares 2,090 Direct F9, F11
holding FDP Performance Stock Units 2,390 15 Jun 2023 Ordinary Shares 2,390 Direct F9, F12
holding FDP Performance Stock Units 2,216 15 Jun 2023 Ordinary Shares 2,216 Direct F9, F15
* 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 These DEUs were cancelled since the performance criteria on the underlying PSUs was met at 97.3%.
F3 0.5429 DEUs were deducted from the total due to fractional shares being paid in cash.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 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.
F6 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.
F7 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 2/20/2019 and subject to meeting minimum performance criteria which was met at 100%. The PSUs vested 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.
F11 The PSUs were awarded on 3/2/2020 and subject to meeting minimum performance criteria which was met at 83%. The PSUs vested 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.
F12 The PSUs were awarded on 3/1/2021 and 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.
F13 Since the performance criteria was met at 97.3%, 71 PSUs previously reported on Form 4 were cancelled.
F14 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.
F15 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.