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

Role
Chief Human Resources Officer
Signature
/s/ Effie D. Silva, Attorney-in-Fact for Tarek Betti
Stock symbol
FDP
Transactions as of
Mar 5, 2024
Transactions value $
-$24,301
Form type
4
Date filed
3/7/2024, 06:22 PM
Previous filing
Mar 5, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FDP Ordinary Shares Sale -$24.3K -998 -24.3% $24.35 3.11K 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 260 Mar 5, 2024 Ordinary Shares 260 Direct F2
holding FDP Restricted Stock Units 555 Mar 5, 2024 Ordinary Shares 555 Direct F3, F4
holding FDP Restricted Stock Units 2.03K Mar 5, 2024 Ordinary Shares 2.03K Direct F3, F5
holding FDP Performance Stock Units 1.94K Mar 5, 2024 Ordinary Shares 1.94K Direct F6, F7
holding FDP Performance Stock Units 987 Mar 5, 2024 Ordinary Shares 987 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 ("DEUs") represent 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 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.
F8 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.