Mohammed Abbas - 05 Mar 2024 Form 4 Insider Report for FRESH DEL MONTE PRODUCE INC (FDP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
07 Mar 2024, 18:23:09 UTC
Prior SEC filing
05 Mar 2024
Next SEC filing
02 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Effie D. Silva, Attorney-in-Fact for Mohammed Abbas

Key filing fact

Mohammed Abbas filed Form 4 for FRESH DEL MONTE PRODUCE INC (FDP) on 07 Mar 2024.

Key facts

  • This page summarizes Mohammed Abbas's Form 4 filing for FRESH DEL MONTE PRODUCE INC (FDP).
  • 1 reported transaction and 10 derivative rows are listed below.
  • Accepted by SEC: 07 Mar 2024, 18:23.

Change

  • Previous filing in this sequence was filed on 05 Mar 2024.
  • Current net transaction value: -$78,456.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FDP transaction

Ordinary Shares

Sale

Transaction value
$78,456
Shares
-3,222
Change %
-9.7%
Price
$24.35
Shares after
29,945
Date
05 Mar 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FDP holding Derivative

Dividend Equivalent Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,150
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
2,150
Exercise price
Footnotes
F2
FDP holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,838
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
2,838
Exercise price
Footnotes
F3, F4
FDP holding Derivative

Restricted Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
7,156
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
7,156
Exercise price
Footnotes
F3, F5
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,000
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
4,000
Exercise price
Footnotes
F6, F7
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,552
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
3,552
Exercise price
Footnotes
F6, F8
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,000
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
3,000
Exercise price
Footnotes
F6, F9
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,948
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
1,948
Exercise price
Footnotes
F6, F10
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,791
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
3,791
Exercise price
Footnotes
F6, F11
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,269
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
3,269
Exercise price
Footnotes
F6, F12
FDP holding Derivative

Performance Stock Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
29,729
Date
05 Mar 2024
Ownership
Direct
Underlying class
Ordinary Shares
Underlying amount
29,729
Exercise price
Footnotes
F6, F13
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 13 footnotes

Footnote F1

Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs").

Footnote 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.

Footnote F3

The RSUs convert to Ordinary Shares on a one-for-one basis.

Footnote F4

The RSUs were awarded on 6/15/2022 and vest in three equal installments over three years. The remaining vesting occurs on 3/2/2025.

Footnote F5

The RSUs were awarded on 3/2/2023 and vest in three equal annual installments over three years. The remaining vestings will occur on 3/2/2025 and 3/2/2026.

Footnote F6

The PSUs convert to Ordinary Shares on a one-for-one basis.

Footnote F7

The PSUs were awarded on 2/24/2016 subject to meeting minimum performance criteria, which was met at a 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F8

The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at a 88.8%. The PSUs vested in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F9

The PSUs were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at a 100%. The PSUs vested in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.

Footnote F10

The PSUs were awarded on 3/2/2020 and are earned 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.

Footnote F11

The PSUs were awarded on 3/1/2021 and 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.

Footnote F12

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.

Footnote 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 installments on each of 3/1/2025, 3/1/2026 and 3/1/2027.

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