Ghazaleh Mohammad Abu - 01 Mar 2024 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
Issuer symbol
FDP
Transactions as of
01 Mar 2024
Net transactions value
$0
Form type
4
Filing time
05 Mar 2024, 21:46:40 UTC
Previous filing
12 Dec 2023
Next filing
02 Apr 2024
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 +10,000 +0.14% $0.000000 6,945,443 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +20,113 +0.29% $0.000000 6,965,556 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +18,302 +0.26% $0.000000 6,983,858 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +3,573 +0.05% $0.000000 6,987,431 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +7,565 +0.11% $0.000000 6,994,996 02 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +32,646 +0.47% $0.000000 7,027,642 02 Mar 2024 Direct
transaction FDP Ordinary Shares Award $0 +1,355 +0.02% $0.000000 7,028,997 02 Mar 2024 Direct
holding FDP Ordinary Shares 20,000 01 Mar 2024 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 Options Exercise $0 -3,574 -44% $0.000000 4,506 01 Mar 2024 Ordinary Shares 3,574 Direct F1, F2
transaction FDP Dividend Equivalent Units Options Exercise $0 -1,356 -30% $0.000000 3,150 02 Mar 2024 Ordinary Shares 1,356 Direct F1, F2
transaction FDP Dividend Equivalent Units Disposed to Issuer $0 -1,540 -49% $0.000000 1,611 01 Mar 2024 Ordinary Shares 1,540 Direct F1, F3
transaction FDP Restricted Stock Unit Options Exercise $0 -10,000 -100% $0.000000* 0 01 Mar 2024 Ordinary Shares 10,000 Direct F5, F6
transaction FDP Restricted Stock Units Options Exercise $0 -20,113 -100% $0.000000* 0 01 Mar 2024 Ordinary Shares 20,113 Direct F5, F7
transaction FDP Restricted Stock Units Options Exercise $0 -7,565 -33% $0.000000 15,155 02 Mar 2024 Ordinary Shares 7,565 Direct F5, F8
transaction FDP Performance Stock Units Options Exercise $0 -18,303 -100% $0.000000* 0 01 Mar 2024 Ordinary Shares 18,303 Direct F9, F10
transaction FDP Performance Stock Units Options Exercise $0 -32,646 -49% $0.000000 33,635 02 Mar 2024 Ordinary Shares 32,646 Direct F9, F11
transaction FDP Performance Stock Units Disposed to Issuer $0 -53,013 -100% $0.000000* 0 02 Mar 2024 Ordinary Shares 53,013 Direct F9, F12
transaction FDP Performance Stock Units Award $0 +164,136 $0.000000 164,136 01 Mar 2024 Ordinary Shares 164,136 Direct F9, F13
holding FDP Employee Stock Options (Right to Buy) 64,400 01 Mar 2024 Ordinary Shares 64,400 $28.89 Direct F4
* 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 FDP. 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 A fractional share of DEUs on the RSUs and PSUs vesting was paid in cash.
F3 1539.6579 DEUs were forfeited because the minimum performance criteria for the vesting of the underlying PSUs were not met.
F4 These options are fully vested and exercisable.
F5 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 The RSUs were awarded on 3/20/2020 and vest in five equal installments over four years. The remaining vesting occurred on 3/1/2024.
F7 The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The remaining vesting occurred on 3/1/2024.
F8 The RSUs were awarded on 3/2/2023 and vest in three equal installments over three years. The remaining vestings will occur on 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 3/1/2021 and subject to meeting minimum performance criteria which was met at 91%. The PSUs vested in three equal annual installments. The remaining vesting occurred on 3/1/2024.
F11 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 vesting occurs on 3/2/2025.
F12 The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting were not met.
F13 The PSUs were awarded on 3/1/2024 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.