Tarek Ahmad Betti - 08 Aug 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Signature
/s/ Effie D. Silva, Attorney-in-Fact for Tarek Betti
Issuer symbol
FDP
Transactions as of
08 Aug 2023
Net transactions value
-$11,835
Form type
4
Filing time
09 Aug 2023, 17:34:47 UTC
Previous filing
20 Jun 2023
Next filing
12 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale $11,835 -420 -36% $28.18 747 08 Aug 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
holding FDP Dividend Equivalent Units 292 08 Aug 2023 Ordinary Shares 292 Direct F2
holding FDP Restricted Stock Unit 714 08 Aug 2023 Ordinary Shares 714 Direct F3, F4
holding FDP Restricted Stock Units 1,093 08 Aug 2023 Ordinary Shares 1,093 Direct F3, F5
holding FDP Restricted Stock Units 3,037 08 Aug 2023 Ordinary Shares 3,037 Direct F3, F6
holding FDP Performance Stock Units 1,943 08 Aug 2023 Ordinary Shares 1,943 Direct F7, F8
holding FDP Performance Stock Units 1,944 08 Aug 2023 Ordinary Shares 1,944 Direct F7, F9
holding FDP Performance Stock Units 3,037 08 Aug 2023 Ordinary Shares 3,037 Direct F7, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares purchased. The prices of the shares purchased pursuant to the transaction ranged from $28.16 to $28.21 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price.
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 Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate.
F3 The RSUs convert to Ordinary Shares on a one-for-one basis.
F4 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.
F5 The RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The remaining vestings will occur on 3/2/2024 and 3/2/2025.
F6 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.
F7 The PSUs convert to Ordinary Shares on a one-for-one basis.
F8 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. The remaining vesting will occur on 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F9 The PSUs were awarded on 6/15/2022 and are subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal annual installments. The remaining vestings will occur on 3/2/2024 and 3/2/2025.
F10 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.