Tarek Ahmad Betti - 01 Mar 2024 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
01 Mar 2024
Net transactions value
$0
Form type
4
Filing time
05 Mar 2024, 21:46:52 UTC
Previous filing
12 Dec 2023
Next filing
07 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Options Exercise $0 +714 +96% $0.000000 1,461 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +50 +3.4% $0.000000 1,511 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +538 +36% $0.000000 2,049 02 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +1,011 +49% $0.000000 3,060 02 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +957 +31% $0.000000 4,017 02 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +90 +2.2% $0.000000 4,107 02 Mar 2024 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 Options Exercise $0 -51 -10% $0.000000 439 01 Mar 2024 Ordinary Shares 51 Direct F1, F2
transaction FDP Dividend Equivalent Units Disposed to Issuer $0 -88 -20% $0.000000 351 01 Mar 2024 Ordinary Shares 88 Direct F1, F3
transaction FDP Dividend Equivalent Units Options Exercise $0 -90 -26% $0.000000 260 02 Mar 2024 Ordinary Shares 90 Direct F1, F4
transaction FDP Restricted Stock Units Options Exercise $0 -714 -100% $0.000000* 0 01 Mar 2024 Ordinary Shares 714 Direct F5, F6
transaction FDP Restricted Stock Units Options Exercise $0 -538 -49% $0.000000 555 02 Mar 2024 Ordinary Shares 538 Direct F5, F7
transaction FDP Restricted Stock Units Options Exercise $0 -1,011 -33% $0.000000 2,026 02 Mar 2024 Ordinary Shares 1,011 Direct F5, F8
transaction FDP Performance Stock Units Options Exercise $0 -958 -49% $0.000000 987 02 Mar 2024 Ordinary Shares 958 Direct F9, F11
transaction FDP Performance Stock Units Disposed to Issuer $0 -3,037 -100% $0.000000* 0 02 Mar 2024 Ordinary Shares 3,037 Direct F9, F12, F13
holding FDP Performance Stock Units 1,943 01 Mar 2024 Ordinary Shares 1,943 Direct F9, 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 ("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 A fractional share of DEUs on the RSUs vesting was paid in cash.
F3 88.204 DEUs were forfeited because the minimum performance criteria for the vesting of the underlying PSUs were not met.
F4 A fractional share of DEUs on the RSUs and PSUs vesting was paid in cash.
F5 The RSUs convert to Ordinary Shares on a one-for-one basis.
F6 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.
F7 RSUs were awarded on 6/15/2022 and vest in three equal annual installments over three years. The remaining vesting will occur on 3/2/2025.
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 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.
F11 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
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 3/2/2023 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. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.