Mohammad Abu - Dec 8, 2023 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Mohammad Abu-Ghazaleh
Stock symbol
FDP
Transactions as of
Dec 8, 2023
Transactions value $
$0
Form type
4
Date filed
12/12/2023, 08:02 PM
Previous filing
Sep 12, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FDP Ordinary Shares 6.94M Dec 8, 2023 Direct
holding FDP Ordinary Shares 20K Dec 8, 2023 Held by Spouse

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 +1.55K +24.09% $0.00 7.98K Dec 8, 2023 Ordinary Shares 1.55K Direct F1, F2
holding FDP Employee Stock Options (Right to Buy) 64.4K Dec 8, 2023 Ordinary Shares 64.4K $28.89 Direct F3
holding FDP Restricted Stock Units 10K Dec 8, 2023 Ordinary Shares 10K Direct F4, F5
holding FDP Restricted Stock Units 20.1K Dec 8, 2023 Ordinary Shares 20.1K Direct F4, F6
holding FDP Restricted Stock Units 22.7K Dec 8, 2023 Ordinary Shares 22.7K Direct F4, F7
holding FDP Performance Stock Units 18.3K Dec 8, 2023 Ordinary Shares 18.3K Direct F8, F9
holding FDP Performance Stock Units 66.3K Dec 8, 2023 Ordinary Shares 66.3K Direct F8, F10
holding FDP Performance Stock Units 53K Dec 8, 2023 Ordinary Shares 53K Direct F8, F11
* 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 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 Stock Options are fully vested.
F4 The RSUs convert to Ordinary Shares on a one-for-one basis.
F5 The 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 The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The vestings will occur on each 3/2/2024, 3/2/2025 and 3/2/2026.
F8 The PSUs convert to Ordinary Shares on a one-for-one basis.
F9 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. The remaining vesting occurs on 3/1/2024.
F10 The PSUs were awarded on 7/6/2022 and subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal installments. The remaining vestings occur on 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.