Tarek Betti - Sep 8, 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
Sep 8, 2023
Transactions value $
$0
Form type
4
Date filed
9/12/2023, 05:03 PM
Previous filing
Aug 9, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 747 Sep 8, 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 Award $0 +95.6 +32.72% $0.00 388 Sep 8, 2023 Ordinary Shares 95.6 Direct F1, F2
holding FDP Restricted Stock Unit 714 Sep 8, 2023 Ordinary Shares 714 Direct F3, F4
holding FDP Restricted Stock Units 1.09K Sep 8, 2023 Ordinary Shares 1.09K Direct F3, F5
holding FDP Restricted Stock Units 3.04K Sep 8, 2023 Ordinary Shares 3.04K Direct F3, F6
holding FDP Performance Stock Units 1.94K Sep 8, 2023 Ordinary Shares 1.94K Direct F7, F8
holding FDP Performance Stock Units 1.94K Sep 8, 2023 Ordinary Shares 1.94K Direct F7, F9
holding FDP Performance Stock Units 3.04K Sep 8, 2023 Ordinary Shares 3.04K Direct F7, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs and/or PSUs granted to the Reporting Person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders. Dividend equivalents on RSUs and/or PSUs are subject to the same restrictions and vesting conditions as the underlying RSUs and/or PSUs.
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.