Monica Vicente - Mar 5, 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Role
SVP, Chief Financial Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Monica Vicente
Stock symbol
FDP
Transactions as of
Mar 5, 2024
Transactions value $
-$26,371
Form type
4
Date filed
3/7/2024, 06:22 PM
Previous filing
Mar 5, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale -$26.4K -1.08K -17.06% $24.35 5.27K Mar 5, 2024 Direct F1

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
holding FDP Dividend Equivalent Units 131 Mar 5, 2024 Ordinary Shares 131 Direct F2
holding FDP Restricted Stock Units 562 Mar 5, 2024 Ordinary Shares 562 Direct F3, F4
holding FDP Restricted Stock Units 2.55K Mar 5, 2024 Ordinary Shares 2.55K Direct F3, F5
holding FDP Performance Stock Units 842 Mar 5, 2024 Ordinary Shares 842 Direct F6, F7
holding FDP Performance Stock Units 20.2K Mar 5, 2024 Ordinary Shares 20.2K Direct F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs").
F2 Each Dividend Equivalent Unit ("DEU") 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 RSUs and/or PSUs to which they relate.
F3 The RSUs convert to Ordinary Shares on a one-for-one basis.
F4 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.
F5 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.
F6 The PSUs convert to Ordinary Shares on a one-for-one basis.
F7 The PSUs were awarded on 6/15/2022 and subject to meeting minimum performance criteria which was met at 97.3%. The PSUs vest in three equal annual installments. The remaining vesting will occur on 3/2/2025. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
F8 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 installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.