Jorge Pelaez Reyes - 01 Mar 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
VP, Central America
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Jorge Pelaez Reyes
Issuer symbol
FDP
Transactions as of
01 Mar 2024
Net transactions value
$0
Form type
4
Filing time
05 Mar 2024, 21:47:27 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 +504 +30% $0.000000 2,210 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +878 +40% $0.000000 3,088 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +79 +2.6% $0.000000 3,167 01 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +556 +18% $0.000000 3,723 02 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +737 +20% $0.000000 4,460 02 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +854 +19% $0.000000 5,314 02 Mar 2024 Direct
transaction FDP Ordinary Shares Options Exercise $0 +104 +2% $0.000000 5,418 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 -79 -8.2% $0.000000 882 01 Mar 2024 Ordinary Shares 79 Direct F1, F2
transaction FDP Dividend Equivalent Units Disposed to Issuer $0 -64 -7.3% $0.000000 818 01 Mar 2024 Ordinary Shares 64 Direct F1, F3
transaction FDP Dividend Equivalent Units Options Exercise $0 -105 -13% $0.000000 713 02 Mar 2024 Ordinary Shares 105 Direct F1, F4
transaction FDP Restricted Stock Units Options Exercise $0 -504 -100% $0.000000* 0 01 Mar 2024 Ordinary Shares 504 Direct F5, F6
transaction FDP Restricted Stock Units Options Exercise $0 -878 -100% $0.000000* 0 01 Mar 2024 Ordinary Shares 878 Direct F5, F7
transaction FDP Restricted Stock Units Options Exercise $0 -556 -49% $0.000000 574 02 Mar 2024 Ordinary Shares 556 Direct F5, F8
transaction FDP Restricted Stock Units Options Exercise $0 -737 -33% $0.000000 1,479 02 Mar 2024 Ordinary Shares 737 Direct F5, F9
transaction FDP Performance Stock Units Options Exercise $0 -855 -49% $0.000000 881 02 Mar 2024 Ordinary Shares 855 Direct F10, F14
transaction FDP Performance Stock Units Disposed to Issuer $0 -2,216 -100% $0.000000* 0 02 Mar 2024 Ordinary Shares 2,216 Direct F10, F15
transaction FDP Performance Stock Units Award $0 +5,995 $0.000000 5,995 01 Mar 2024 Ordinary Shares 5,995 Direct F10, F16
holding FDP Performance Stock Units 2,390 01 Mar 2024 Ordinary Shares 2,390 Direct F10, F11
holding FDP Performance Stock Units 2,090 01 Mar 2024 Ordinary Shares 2,090 Direct F10, F12
holding FDP Performance Stock Units 3,000 01 Mar 2024 Ordinary Shares 3,000 Direct F10, F13
* 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 vesting was paid in cash.
F3 64.3597 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 3/2/2020 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 6/15/2022 and vest in three equal installments over three years. The remaining vesting will occur on 3/2/2025.
F9 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.
F10 The PSUs convert to Ordinary Shares on a one-for-one basis.
F11 The PSUs were awarded on 2/20/2019 and subject to minimum performance criteria which met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F12 The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. The PSUs vested in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F13 The PSUs were awarded on 3/1/2021 and are subject to meeting minimum performance criteria which was met at 91%. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F14 The PSUs were awarded on 6/15/2022 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three annual installments on each of 6/15/2023, 3/2/2024 and 3/2/2025.
F15 The PSUs previously reported as acquired by the reporting person were forfeited because the minimum performance criteria required for vesting were not met.
F16 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.