Jesus Rodriguez Calvo - 15 Jun 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, NA Sales & Marketing
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Jesus Rodriguez Calvo
Issuer symbol
FDP
Transactions as of
15 Jun 2023
Net transactions value
-$8,611
Form type
4
Filing time
20 Jun 2023, 20:01:54 UTC
Previous filing
13 Jun 2023
Next filing
08 Aug 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 +1,336 +228% $0.000000 1,921 15 Jun 2023 Direct
transaction FDP Ordinary Shares Sale $8,611 -316 -16% $27.25 1,605 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 -3 -0.95% $0.000000 275 15 Jun 2023 Ordinary Shares 3 Direct F2, F3
transaction FDP Dividend Equivalent Units Options Exercise $0 -31 -11% $0.000000 244 15 Jun 2023 Ordinary Shares 31 Direct F2, F4
transaction FDP Performance Stock Units Disposed to Issuer $0 -109 -2.7% $0.000000 3,957 15 Jun 2023 Ordinary Shares 109 Direct F8, F9, F10
transaction FDP Performance Stock Units Options Exercise $0 -1,305 -33% $0.000000 2,652 15 Jun 2023 Ordinary Shares 1,305 Direct F4, F8, F9, F10
holding FDP Restricted Stock Units 1,800 15 Jun 2023 Ordinary Shares 1,800 Direct F5, F6
holding FDP Restricted Stock Units 3,313 15 Jun 2023 Ordinary Shares 3,313 Direct F5, F7
holding FDP Performance Stock Units 3,313 15 Jun 2023 Ordinary Shares 3,313 Direct F8, F11
* 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").
F2 Each 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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
F3 These DEUs were cancelled since the performance criteria on the underlying PSUs was met at 97.3%.
F4 0.4787 DEUs were deducted from the total due to fractional shares being paid in cash.
F5 RSUs convert to Ordinary Shares on a one-for-one basis.
F6 The RSUs were awarded on 12/1/2020 and vest in five equal installments over four years. The remaining vesting will occur on 12/1/2024.
F7 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.
F8 PSUs convert to Ordinary Shares on a one-for-one basis.
F9 Since the performance criteria was met at 97.3%, 109 PSUs previously reported on Form 4 were cancelled.
F10 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.
F11 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.