Jorge Pelaez - Jun 15, 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
Stock symbol
FDP
Transactions as of
Jun 15, 2023
Transactions value $
$0
Form type
4
Date filed
6/20/2023, 08:01 PM
Previous filing
Jun 13, 2023
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +569 +217.18% $0.00 831 Jun 15, 2023 Direct
transaction FDP Ordinary Shares Options Exercise $0 +875 +105.29% $0.00 1.71K Jun 15, 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 -1.71 -0.24% $0.00 719 Jun 15, 2023 Ordinary Shares 1.71 Direct F1, F2
transaction FDP Dividend Equivalent Units Options Exercise $0 -34 -4.72% $0.00 685 Jun 15, 2023 Ordinary Shares 34 Direct F1, F3
transaction FDP Restricted Stock Units Options Exercise $0 -556 -32.98% $0.00 1.13K Jun 15, 2023 Ordinary Shares 556 Direct F4, F7
transaction FDP Performance Stock Units Disposed to Issuer $0 -71 -2.67% $0.00 2.59K Jun 15, 2023 Ordinary Shares 71 Direct F9, F13, F14
transaction FDP Performance Stock Units Options Exercise $0 -855 -33% $0.00 1.74K Jun 15, 2023 Ordinary Shares 855 Direct F3, F9, F14
holding FDP Restricted Stock Units 504 Jun 15, 2023 Ordinary Shares 504 Direct F4, F5
holding FDP Restricted Stock Units 878 Jun 15, 2023 Ordinary Shares 878 Direct F4, F6
holding FDP Restricted Stock Units 2.22K Jun 15, 2023 Ordinary Shares 2.22K Direct F4, F8
holding FDP Performance Stock Units 3K Jun 15, 2023 Ordinary Shares 3K Direct F9, F10
holding FDP Performance Stock Units 2.09K Jun 15, 2023 Ordinary Shares 2.09K Direct F9, F11
holding FDP Performance Stock Units 2.39K Jun 15, 2023 Ordinary Shares 2.39K Direct F9, F12
holding FDP Performance Stock Units 2.22K Jun 15, 2023 Ordinary Shares 2.22K 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.